Fortescue Cancels $550 Million Green Hydrogen Hub Project in Buckeye Amid US Policy Uncertainty
Fortescue Future Industries (FFI) has officially withdrawn from its proposed $550 million green hydrogen hub in Buckeye, Arizona, citing changing policy landscapes and reduced federal support for renewable energy in the United States.
The Australia-based energy firm announced the decision during an investor call on 24 July 2025, confirming it will no longer proceed with development of what would have been Fortescue’s first large-scale hydrogen production facility in the US.
The ambitious plan included an 80-megawatt electrolyser and liquefaction plant, with capacity to generate over 11,000 tonnes of liquid hydrogen annually. Fortescue had commenced early-stage site works in May 2024 on a 158-acre plot located west of State Route 85 in Buckeye.
Gus Pichot, Chief Executive of Fortescue’s Growth and Energy division, said during the investor call:
“Regarding the Arizona hydrogen project, a shift in policy priorities away from green energy has changed the situation in the U.S. As a result, the project is no longer viable under current market conditions.”
The cancellation of the Buckeye hydrogen hub represents a significant step back in Fortescue’s global hydrogen strategy and reflects growing concern among developers about the stability and predictability of federal support for clean energy investment in the United States.
The decision comes amid mounting uncertainty surrounding long-term green energy incentives, which industry leaders say are crucial to enabling large-scale infrastructure investments in hydrogen and other low-carbon technologies.
Fortescue remains active in other markets, including Australia, the Middle East and Europe, where governments continue to promote hydrogen as a central pillar of net zero transition strategies.
While the Buckeye facility would have marked a major milestone in Fortescue’s entry into the North American hydrogen market, the company has reiterated its commitment to the broader green hydrogen economy, albeit with a renewed focus on regions with stable regulatory and financial support.
