‘Dud project’: How Andrew Forrest’s green dreams cost taxpayers $80m

AdvertisementExclusive BusinessCompaniesEnergy ‘Dud project’: How Andrew Forrest’s green dreams cost taxpayers $80m Eryk Bagshaw and Nick Toscano January 30, 2026 — 5:00am Save You have reached your maximum number of saved items. Got it Share A A ABillionaire Andrew Forrest’s flagship green hydrogen factory cost Australian taxpayers $80 million while his company spruiked its “successes” to foreign investors, only to abandon the project months later. Andrew Forrest and Fortescue’s Gladstone hydrogen project. Electrolyser components stacked in automated production line at Fortescue’s Green Energy Facility in Gladstone. Foreign, federal and state governments have been pouring billions of dollars into becoming a leading supplier of green hydrogen.