Australian Mining Billionaire Touts A Green Revolution In U.S. Coal Country — With Skepticism Trailing Close Behind

  • 📰 Forbes
  • ⏱ Reading Time:
  • 61 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 53%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Andrew Forrest travels the globe trying to persuade leaders of industry and politics — and rank-and-file workers — that despite his polluting past he’s the man to champion green hydrogen as the clean fuel of the future.

the fossil-fuel industry received $5.9 trillion in subsidies worldwide in 2020. As for Musk’s love of batteries, Forrest says the Tesla billionaire is depending on something with a finite life, with finite quantities. “We have an infinite life and an infinite commodity in hydrogen,” Forrest says.

A few miles from Forrest’s beachside compound, Perth’s tallest skyscrapers bear the names of the world’s mining giants: Rio Tinto, BHP and Woodside. It was here that Forrest got his start as a mining tycoon. A descendant of the first governor of Western Australia, the Forrest name is all over the region, on street signs, neighborhoods and national parks.

In 2016, Forrest embarked on a four-year doctorate in marine ecology at the University of Western Australia, a time when he was instructing his team to look into technology that could transport hydrogen and ammonia, and whether scaling solar power was possible. He realized “just how vicious the grip the fossil-fuel sector has on the future of everyone on this planet,” Forrest says. By 2020, the stage was set for Forrest to launch FFI.

At a sprawling warehouse on the outskirts of Perth, Jim Herring, who oversees FFI’s research and development as head of green industry, is looking onto a vast lot where a white hauler truck is circling. Using hydrogen produced by a third party, the truck can run for 20 minutes before it needs to be refueled, but is a proof-of-concept that Herring’s team built last year in less than 100 days.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The green hydrogen agenda is mainly government funded Billions, & Gates only 1.3B l think. It's all tax payers dollars in Hydrogen project & Andrew Forrest wants a piece. I believe Hydrogen is a rolling bomb & they're all laundering money through this business. Investigation?

OMG his solution is hydrogen? If you don’t know how hydrogen is currently produced this sounds great. If you do know how it’s produced it’s idiotic. Hydrogen is currently produced from natural gas. This is just greenwashing bullshit.

so is anything you post real? or just pulling it out the ass?. should I even read? why even..

He sounds like this guy Disney

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in BUSİNESS

Business Business Latest News, Business Business Headlines