Name of the Project
Gladstone PEM50 project.

Location
Adjacent to Fortescue’s existing Gladstone electrolyser manufacturing facility, on the Green Energy Manufacturing site in Queensland, Australia.

Project Owner/s
Fortescue.

Project Description
The two-stage 50 MW green hydrogen project will have a production capacity of up to 22 t/d, or 8 000 t/y, of green hydrogen.

Phase 1 comprises the installation of a 30 MW electrolyser plant, with the remaining 20 MW capacity to be installed and commissioned in 2028, aligned with the availability of water supply.

The project will use Fortescue’s own proton exchange membrane, or PEM, technology.

Potential Job Creation
Not stated.

Capital Expenditure
$150-million over two phases.

Planned Start/End Date
Construction is expected to start in 2024, with first production of green hydrogen in 2025.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Fortescue communications, email media@fortescue.com.
Fortescue investor relations, email investors@fortescue.com.