Research has begun into the viability of sustainably processing Western Australian iron ore to green steel.
The Minerals Research Institute of Western Australia has appointed GHD Group, in partnership with ACIL Allen, as lead advisers to investigate the iron ore-to-steel value chain.
Minister for Mines and Petroleum, Bill Johnston said initial work would identify opportunities and barriers for the State to support the global steel industry’s green ambitions.
“Further work will then examine regional infrastructure needs, market dynamics and policies needed to ensure the State has a comprehensive understanding on the creation of green steel,” Mr Johnston said.
“With the steel industry generating between seven and nine per cent of global carbon emissions, there is a significant focus on the development of green steel to reduce this,” he said.
Mr Johnston said traditionally, coal was used in the steel-making process as both an energy source and as a reducing agent to extract iron.
“Green steel production will require renewable energy and hydrogen, or an alternative reducing agent, to avoid producing carbon dioxide,” he said.
“As the world’s largest supplier of iron ore, Western Australia has a significant role to play in understanding the viability of green steel.”
The Minister said, however, the lead time for Western Australia to capture this emerging opportunity meant there was a need to start planning now.
“By investigating these opportunities, we are taking action to reduce climate-related risks, while also positioning the State as a preferred supplier to global markets and a sought-after destination for investment,” Mr Johnston said.
