MGT magnetite mines limited.

Bluesteel upgrading one of its blast furnaces to DRI...

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    Bluesteel upgrading one of its blast furnaces to DRI (hydrogen)

    https://www.pv-magazine-australia.com/2022/02/23/australias-biggest-steelmaker-refines-its-green-steel-plans/

    1. Bluescope announced it would partner with oil major Shell to investigate the design, construction and operation of a pilot-scale 10 MW renewable hydrogen electrolyser to explore and test the use of green hydrogen in the blast furnace at Port Kembla.
    2. The hydrogen could also potentially be used for other purposes, such as to feed a pilot direct reduced iron plant, the companies said at the time.BlueScope and Rio Tinto, who also signed a memorandum of understanding (MoU) last year, said they plan to further process the iron ore reduced using green hydrogen “in an electric melter to produce metallic iron suitable to be finished into steel” — they say that, like the electricity used to power the hydrogen electrolysers, the electricity running the melter would also be sourced from renewables.
    3. Automakers like Mercedes Benz, Scania, and Volvo have all lined up to buy “green steel,” despite its higher cost.
    4. The company said it expects low-emissions steel to enjoy “significant take-up across the steel industry” into the 2040s, adding it expects breakthroughs in steelmaking technology will develop over the current and following decade.In December,

    https://hotcopper.com.au/data/attachments/4269/4269849-db33c7e20c9cc2dbef2cc4f832811445.jpg
    Last edited by MGT4eva: 17/04/22
 
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