Fortescue expects hydrogen revenues to roll within three years

But a long-running impasse with the Tasmanian government over the price and supply of power and water has stalled the Bell Bay project and Dr Hutchinson hinted that Fortescue’s first hydrogen exports could come from Queensland’s Gibson Island, where the company is working with Incitec Pivot to retrofit an old fertiliser plant.“I think the first green hydrogen we produce is probably going to come out of Australia, exported to Germany,” he said.“Starting off in Gibson Island in Queensland, I would say Queensland will probably be the first cab off the rank to be honest.”Gibson Island traditionally converts methane gas into ammonia; a chemical compound containing nitrogen and hydrogen.A large portion of the world’s hydrogen exports will likely be shipped as ammonia initially because ammonia is an easier substance to transport than pure hydrogen.Asked when FFI would start…

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