Whyalla steelworks at crossroads as billionaire owner Sanjeev Gupta's green steel plan hinges on potential world firsts
https://www.abc.net.au/news/2024-03-20/whyalla-steelworks-green-steel-sanjeev-gupta-saviour/103594444 ""In terms of cost and availability, green hydrogen is some way off (possibly decades) as it relies heavily on a massive increase in renewables," they told 7.30 in a statement."To produce the steel quantities we currently produce …we would need 1.5 gigawatts of renewables or 15 times more electricity than current requirements– which translates to 5 gigawatts of renewable capacity." Gavin Hobart is the executive leading Whyalla's growth and transformation plan. He told 7.30 the deadline was achievable."
Hazer says "Electrolysis is a Energy intensive process. • 7x more energy intensive than SMR • Only low emission if 100% renewable energy • Requires significant water and renewable energy" from Investor Road show 1.2.24 Some days I just smile, sit back and wait for the penny to drop for some
HZR Price at posting:
49.5¢ Sentiment: Buy Disclosure: Held
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