Carbon Emitting Iron Ore King Andrew Forrest by Can Fortescue,


The group’s hitherto secret design has recently received provisional patents.

This explosion of innovation – and the pace of development at Fortescue and elsewhere – has led Dr. It is one of the many factors that support Forrest’s optimism. He believes Fortescue can leverage technologies that are falling in price (such as solar power and batteries) while pushing green development faster and further by building equipment that the company can test and use in its own operations.

Dr. “Andrew has three things for himself,” said Malcolm Turnbull, a former Australian prime minister who has known Forrest for 25 years and recently worked with him to promote green hydrogen. “One is passionate about energy transformation. Second, they have enormous financial resources. Few people might tick these boxes, but the third box is that he is the founder and president of a company with engineering and construction in his DNA.”

Dr. Forrest studied commerce in college and worked as a stockbroker in the 1980s, but at Fortescue he prioritized innovations, from enclosed conveyor belts to driverless trucks. Similarly, since he founded Fortescue Future Industries, a subsidiary funded with 10 percent of the parent company’s profits, Dr. Forrest has hired dozens of scientists and invested in their designs.

Created entirely with renewable energy, green steel is Fortescue’s moonlight.

“It will be a winner-takes-all market,” said Saul Griffith, an electrification expert (and MacArthur member) who started his career at an Australian steel mill. “You can’t spend enough in the race to have the first electrochemistry path to steel.”

But scaling up isn’t just the problem; Including transportation, Fortescue’s most pressing hurdle, Dr. This is the challenge in everything Forrest tries to achieve. Half of the company’s emissions come from its diesel-fueled fleet.

In a giant garage in an industrial area called Hazelmere near Perth airport, nearly 100 motor and energy experts are trying to eliminate all that carbon by turning a mining company into a clean, green version of Caterpillar or John Deere.

When I visited, Dr. Forrest had asked a few new employees and people who worked with the charity Minderoo Foundation to come. Everyone was particularly excited to see the same thing: the hydrogen fuel transport truck. Painted blue and white, pulled into the midday sun, it looked very clean, but with a few tweaks, it looked just as imposing as the other trucks.



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