Fortescue recently broke ground on the company’s $550 million venture into green hydrogen production in the United States, the first of Fortescue’s planned green energy investments in North America. The company is building a green hydrogen facility in Buckeye, called Arizona Hydrogen.
At the 158-acre facility site, during the two-year construction phase, Arizona Hydrogen has the potential to create up to 2,244 direct and indirect jobs, which could earn $124.2 million in wages.
During the operation phase, Arizona Hydrogen is expected to employ 40 people at the facility, as part of a potential 431 direct, indirect, and induced jobs that could earn $29.3 million in wages. Arizona Hydrogen could also add $59.2 million to Arizona’s GDP and generate $9.1 million in income and sales taxes for state and local governments annually.
Arizona Hydrogen is slated to produce up to 11,000 tons of liquid green hydrogen annually and is strategically positioned to significantly contribute to the decarbonization of the heavy-duty on-road transportation sector.
The post Buckeye Lands $550M Green Hydrogen Plant appeared first on Connect CRE.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
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