Mark Nolan/Getty Images News I recently covered significant LNG shipper Flex LNG (FLNG) and this led me to rethink investment (not) in hydrogen technology. Thinking more about hydrogen led me to have another look at Fortescue Metals Group (OTCQX:FSUGY), which is a major Australian iron ore producer that’s making a huge bet on the emergence of a hydrogen economy through its wholly-owned subsidiary FFI (Fortescue Future Industries). Like Flex LNG, Fortescue is strongly focused on dividend investors with a dividend approaching 11%. Here I dig a little and show that while Fortescue pays a big dividend, the business has ambitious plans to become a major player in the renewable economy through development of green hydrogen. My conclusion is that Fortescue is a high wire act that may or may not pay off in the future. For now it’s a highly innovative iron ore miner with major innovation in…
Fortescue: Decarbonizing A Top Iron Ore Miner And Going Green Hydrogen (OTCMKTS:FSUGY)
