Billionaire Miner Sees Next Fortune in Rush for Clean Energy
- Fortescue founder seeks to pivot ore business into green power
- Hydrogen plant in Queensland may challenge China’s dominance
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It took Andrew Forrest a little over a decade to build an iron ore empire to challenge the global majors. Now he’s set himself an equally ambitious timeline to create a global powerhouse in clean energy.
The Perth-based billionaire, widely known as “Twiggy” in Australia, has been scouring the planet’s far-flung regions including Kyrgyzstan and the Democratic Republic of Congo for investment opportunities in renewable power and hydrogen production. He also wants his home country to become a global leader in the nascent hydrogen industry, and earlier this week announced plans to build a giant factory in Queensland to manufacture the equipment needed for its production.