Today's '2050 Net Zero Plan' released by the Aus Govt referenced high-grade iron ore being critical to green steel being manufactured in Australia (with steel or iron mentioned more than 60 times).
They have listed this as one of the key initiatives of achieving net-zero 2050. Below are just some of the exciting excerpts from the plan
(https://www.industry .gov.au/sites/default/files/October%202021/document/australias-long-term-emissions-reduction-plan.pdf - remove space between industry & .gov):"Low emissions steel and alumina could support up to 18,000 jobs in
regions like South Australia and Queensland." - page 84
"Government actions to support low emissions materials
Low emissions steel and aluminium production will become attractive in Australia as
the costs of firmed renewable electricity and clean hydrogen fall. By driving down
costs of clean hydrogen (Section 2.3.1), solar (Section 2.3.2) and energy storage
(Section 2.3.3), the Government is laying the foundations for low emissions material
manufacturing.
Funding and financing for low emissions materials are available through Australia’s
Cooperative Research Centres Program, ARENA and the CEFC. The Government,
industry and universities are investing more than $200 million towards the Heavy
Industry Low-carbon Transition Cooperative Research Centre.33 The CSIRO is also
investing in low emissions materials. It has developed an innovative self-sustaining
pyrolysis process to produce ‘designer biochar’, which could be used to make highend ‘carbon lite’ steel.34
As the largest producer of both iron ore and bauxite (most of which is exported in
the form of alumina35), Australia is also focused on technologies that can reduce
upstream supply chain emissions. CSIRO is investigating processes that improve iron
ore quality and reduce energy consumption and emissions in ironmaking processes" - page 53
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Today's '2050 Net Zero Plan' released by the Aus Govt referenced...
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