Production

Fortescue to buy 40% stake in natural hydrogen company HyTerra

Mining giant will become largest shareholder in HyTerra, which will use the cash to drill six wells in Kansas

The Scott-1 wellhead, drilled to 680m in 1982, on one of HyTerra's leases in Morris County, Kansas. Gas samples recovered from the well showed up to 56% H2.
The Scott-1 wellhead, drilled to 680m in 1982, on one of HyTerra's leases in Morris County, Kansas. Gas samples recovered from the well showed up to 56% H2.Photo: HyTerra
Senior Reporter
Published 29 August 2024, 10:52Updated 29 August 2024, 10:52
Natural hydrogenFortescueHyTerraUSAustralia