South Australia backs green iron future

The South Australian Government is aiming to become a leader in the global decarbonisation of iron and steel.
The South Australian Government is aiming to become a leader in the global decarbonisation of iron and steel.

Representatives from some of the world’s biggest mining, steel and energy companies have met in Adelaide for a major forum of companies interested in South Australia’s green iron and steel future.

This comes as the State Government outlines a path to be a leader in the global decarbonisation of iron and steel, and follows the release of its green iron and steel strategy.

The strategy outlines three objectives and nine key actions the Government will lead to establish a world-leading green iron industry and supply chain in South Australia, including the ambition to facilitate a new hydrogen-based green iron plant in the State by 2030 or earlier.

More than 150 organisation were registered to attend the forum on June 20, including BHP (ASX:BHP), Fortescue (ASX: FMG), Nippon Steel, BlueScope, Aurizon and HSBC Bank.

Companies have until October 1 to submit an expression of interest in developing a green iron industry and supply chain in South Australia.

The first part of the expression of interest process will see companies working with the South Australian Government in a four-month detailed engagement process to define ways to support industry investment in green iron.

South Australia Premier Peter Malinauskas commented on the State’s green iron opportunity.

“South Australia is building a world-leading green iron industry and supply chain – this expression of interest is a decisive step in that process,” he said.

“With our abundant magnetite resources and renewable energy generation, South Australia is well placed to become a global green iron powerhouse.

“The green iron opportunity is not just for steelmakers – these opportunities span all the way from the ‘pit to port’ and will see investment along a large supply chain that includes mining, infrastructure, energy, technology and more.”