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Highlights
- Fortescue shares were trading at AU$17.67 apiece, up 0.20% at 12.59 PM AEDT.
- This was in line with ASX 200 Materials index, which was trading 0.80% higher at 15,990.20 points.
- On 5 October, Fortescue Future Industries (FFI) and Tree Energy Solutions (TES) partnered to develop a green hydrogen energy import facility.
Shares of Fortescue Metals Ltd (ASX:FMG) were trading at AU$17.67 apiece, up 0.20% on the ASX on Tuesday (11 October) despite no price-sensitive news shared by the company. At 12.59 PM AEDT, the share price of the Australian iron ore company was trading at AU$17.67 apiece, up 0.20%. This was in line with ASX 200 Materials index, which was trading 0.80% higher at 15,990.20 points.
However, on Monday (10 October), the materials firm Fortescue’s shares closed at AU$17.63 apiece, up 1.85% on the ASX. On 5 October, the ASX-listed company announced that Fortescue Future Industries (FFI) and Tree Energy Solutions (TES) have partnered to develop a green hydrogen energy import facility in Germany.
FFI-TES partnership
Image Source: © 2022 Kalkine Media ®
Data Source- Company announcement dated 05 October 2022
In 2026, TES anticipates receiving its first shipment of green hydrogen at its terminal in Wilhelmshaven, Germany. Australia, Europe, the Middle East, and Africa will be the primary areas of concentration for the first partnership projects.
Image Source: © 2022 Kalkine Media ®
Data Source- Company announcement dated 05 October 2022
