Global Trade Alert
Global Trade Alert

Australia: Government of Australia grants Gladstone Fortescue Future Industries Pty Ltd with AUD 49.4 million

Announcement

23 Feb 2023

In the month of February 2023, the government of Australia announced a grant to Gladstone Fortescue Future Industries Pty Ltd with AUD 49.4 million (approx. USD 33.7 million).

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Number of interventions

2

1 certainly harmful

1 likely harmful

0 liberalising

List of interventions

2 in force

Implementation date

23 Feb 2023

Revocation date:

No revocation date

Financial grant In force

On 23 February 2023, the Department of Industry, Science and Resources announced a grant of AUD 49.4 million (approx. USD 33.7 million) in favor of Gladstone Fortescue Future Industries Pty Ltd. The g...

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Implementation date

23 Feb 2023

Revocation date:

No revocation date

Local value added incentive In force

On 23 February 2023, the Department of Industry, Science and Resources approved financing for the Green Hydrogen Gigafactory, Electrolyser Manufacturing Facility which is subject to local content requ...

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