Fortescue to Invest in Green Hydrogen Hub in Bintulu, Malaysia
Key Ideas
- Fortescue, an Australian metal mining company, will invest in green hydrogen in Bintulu, Sarawak, with support from the Malaysian Prime Minister Anwar Ibrahim.
- The agreement was reached during the World Economic Forum (WEF) Annual Summit 2025, where Anwar met with Fortescue's leadership team.
- The Malaysian government is providing incentives to make Bintulu a hub for green hydrogen, in collaboration with other companies like DP World and Google for various strategic projects across Malaysia.
- Anwar's visit to WEF 2025 aimed to foster partnerships, attract investments, and discuss advancements in areas like artificial intelligence with global companies.
Australia's Fortescue, a global metal mining company, has agreed to invest in green hydrogen as an alternative energy source in Bintulu, Malaysia. The announcement was made by Malaysian Prime Minister Anwar Ibrahim during the World Economic Forum (WEF) Annual Summit 2025 in Davos. Anwar, who also serves as the finance minister, highlighted that the Sarawak government has given its initial agreement, and he has provided assurances of incentives to develop Bintulu into a green hydrogen hub. The investment deal was solidified through discussions with Fortescue's executive chairman and founder, Andrew Forrest AO. Additionally, during the summit, Anwar led a Malaysian delegation in engaging with companies like AstraZeneca, DP World, Medtronics, Nestle, and Google for potential partnerships and investments in Malaysia's development projects. Notable collaborations include DP World's involvement in Sepanggar, Sabah, and Google's initiatives like data centers in Selangor, benefiting regions like Johor, Penang, and Perak. The Malaysian government's support for these ventures reflects its commitment to fostering innovation, attracting investments, and enhancing technology adoption. Anwar's presence at WEF 2025 aimed to strengthen ties with global corporations, discuss strategic initiatives, and explore opportunities for economic growth and technological advancements in Malaysia.