Mark Hutchinson is under urgent pressure to prove Andrew Forrest’s grand ambitions for a green transformation can work in practice, writes Jennifer Hewett.
Mark Hutchinson, CEO of Fortescue Future Industries, sits on stage as Fiona Hick, Fortescue’s CEO for Metals, leads the question and answer at the biweekly Red Café meeting at Fortescue headquarters for the company’s iron ore employees. On alternative weeks, Hick tries to be present – virtually at least – when Hutchinson addresses a similar Green Café meeting a city block away at FFI’s headquarters.
Forrest is, as ever, supremely confident he will again prove the doubters wrong, but the financial stakes this time are far bigger and global in nature.given FFI is provided with 10 per cent of Fortescue’s net profits annually to do so.
“They’re not going to be massive scale – a few hundred thousand tonnes. But in our view these are two projects where all the stars have aligned, and it’s relatively easy compared to the export market. You don’t have to ship it to the coast, put it in a ship and convert it to ammonia.Not that projects are ever simple.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Andrew Forrest backs calls by Greens for ban on new gas projectsFortescue Metals Group chairman Andrew Forrest said Australia needed to use renewable energy for baseload energy needs, with existing gas used for back-up.
Read more »
Fortescue lab succeeds in turning iron ore into green ironAndrew Forrest’s Fortescue Future Industries has developed technology that can produce green iron from iron ore, and it doesn’t involve hydrogen.
Read more »
News Corp columnists opt for bothsidesism on Nazis at anti-trans rally | Weekly BeastAndrew Bolt and Joe Hildebrand get stuck into socialists; Sky News has a field day about Pocock’s Tame Impala T-shirt
Read more »
Jury dismissed after failing to reach unanimous verdict in bathtub murder trialJurors have been unable to reach a verdict in the murder trial of a man accused of killing his girlfriend and leaving her body in a bath for eight months.
Read more »
New polling reveals NSW Liberals ahead in two seatsSky News Political Editor Andrew Clennell discusses new election polling which reveals some “okay news” for NSW Premier Dominic Perrottet, with Liberals ahead in Penrith and Winston Hills. “Yesterday's polling showed the government losing Goulburn, Leppington and North Shore and in danger of losing Wakehurst,” Mr Clennell said. “This polling shows Stuart Ayres, the Liberal ahead in Penrith ... the Liberals are ahead there 51-49. “The polling also shows in the marginal seat of Winston Hills … Liberal Mark Taylor winning comfortably, he’s ahead 59-41.'
Read more »