South Australia's Green Iron Ambition Attracts Global Industry Leaders
Key Ideas
- South Australia unveils Green Iron and Steel Strategy to lead global decarbonisation efforts in iron and steel production.
- State Government commits $3.6 million for a global Expression of Interest process to establish hydrogen-based green iron plant by 2030.
- Over 150 organizations, including major companies like BHP and BlueScope, are participating in the industry forum to develop the green iron industry in South Australia.
- The strategy builds on a study showing South Australia's cost advantage in green iron production due to magnetite resources, renewable energy, and hydrogen economy.
Representatives from leading companies in mining, steel, and energy sectors are gathering in Adelaide for a forum focused on investing in South Australia's green iron and steel future. The State Government has introduced a Green Iron and Steel Strategy with objectives to establish a world-leading green iron industry by 2030, including a new hydrogen-based plant. A $3.6 million investment will kickstart a global Expression of Interest process for industry engagement. Notable organizations like BHP and BlueScope are involved, with submissions due by October 1. A recent study highlighted South Australia's cost advantage in green iron production, leveraging magnetite resources and renewable energy. The government is focused on making the state a global partner of choice in decarbonised steelmaking, emphasizing the benefits of investing in the green iron industry for future generations.