Ann: Calix announces ARENA funding support for ZESTY, page-2

Calix awarded ARENA funding for further development of Zero Emissions Steel Technology

Sydney, Australia | 8 November 2022 – Australian environmental technology company, Calix Limited (ASX: CXL) (“Calix” or “the Company”) announces today it has been awarded a $947,035 grant by the Australian Renewable Energy Agency (ARENA) to help fund a Basis of Design (“BOD”) and Front-End Engineering and Design (“FEED”) study for a renewably powered demonstration plant for its Zero Emissions Steel TechnologY (ZESTY).

Highlights

• The $947,035 grant from ARENA will help to fund an eleven-month BOD and FEED study for a 30,000 tonne per annum, zero CO2 emissions ZESTY-iron demonstration plant.

• Calix’s ZESTY uses hydrogen in a renewably powered reactor to produce green iron and ultimately, green steel.

• ZESTY reduces iron ore at significantly lower temperatures than conventional blast furnaces (BF) and can enable minimal consumption of hydrogen in the production of green steel.

• Iron ore is Australia’s largest export, with Australia providing over half the global supply in 2021. Calix’s ZESTY is compatible with multiple iron ore types, including haematite, providing pathways for one of Australia's most important exports to become sustainable in a low carbon world.

• ZESTY seeks to facilitate the transition to green steel, adding value to local iron ore exports as well as future-proofing local iron and steel production.