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Fortescue Metals Group expects to save $US100 million in fossil fuel costs by 2027.
Fortescue Metals Group will eliminate fossil fuels from operations by 2027, ahead of its 2030 target.
KEY POINTS
- Fortescue expects to save $US100 million in fossil fuel costs by 2027 through this transition.
- The company is building the world's first industrial, fully integrated green-energy grid in the Pilbara.
- Over 80% of Australian businesses are facing higher operating costs due to the global fuel crisis.
- 61% of surveyed businesses are absorbing higher fuel costs instead of passing them to consumers.
COMPANIES
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