Production

Fortescue's new $2bn Chinese loan will not go towards green hydrogen projects

The yuan-denominated debt will be used to support the company’s decarbonisation plans, but not the production of renewable H2, Hydrogen Insight has learned

Fortescue founder and executive chairman Andrew Forrest giving a speech in Perth, Australia, earlier this year.
Fortescue founder and executive chairman Andrew Forrest giving a speech in Perth, Australia, earlier this year.Photo: Matt Jelonek/Getty
Editor, Hydrogen Insight
Published 8 August 2025, 13:05Updated 8 August 2025, 14:08
Green H2FortescueAustraliaChina