Fortescue kicks tyres on hydrogen plant at Marsden Point

Fortescue kicks tyres on hydrogen plant at Marsden Point
Its life as an oil refinery is ending, but could there be a green future for Marsden Point? (Image: Getty)
Pattrick Smellie
Australian mining and resources giant Fortescue will study the potential to produce carbon-zero, or ‘green’, hydrogen in New Zealand by repurposing the oil refinery at Marsden Point.The proposal is at a very early feasibility study stage and is part of a wider push by Fortescue and its colourful founder, Andrew ‘Twiggy’ Forrest, to reposition the company for global energy market decarbonisation.“Green hydrogen can provide all sorts of advantages to local and export economies – and is the answer our planet nee...

More Markets

NZ sharemarket celebrates a near 1% Easter rise
Markets Market close

NZ sharemarket celebrates a near 1% Easter rise

The S&P/NZX 50 Index closed at 12,105.29, up 94.62 points or 0.79%.

Graham Skellern 28 Mar 2024
F&P Healthcare facing $12m bill for product recall
Markets

F&P Healthcare facing $12m bill for product recall

The company will provision the cost in its next full year results.

Staff reporters 28 Mar 2024
Synlait seeking help from major shareholder for $130m debt
Markets

Synlait seeking help from major shareholder for $130m debt

Synlait enters trading halt as it needs more time to come up with cash.