Industry News

South Australian government officially seeks partners to develop green iron & steel industry

Views : 197
Update time : 2024-03-06 16:23:45
The South Australian government officially announced that it had started to seek partners to inaugurate South Australia’s green iron and steel industry. The government will begin an expression of interest (EoI) process in June in order to look for enterprises jointly developing hydrogen-based direct reduction iron (DRI) plants.

Compared to furnaces using coal, DRI plants could convert iron ore to steel through renewable energy, and it can reduce carbon emissions by 95%. Besides, DRI and hot briquetted iron (HBI) have several advantages, such as higher iron content, lower impurities, and improved process efficiency.
Related News
Read More >>
Vale Q1 Revenues & Earnings Miss Estimates on Lower Iron Ore Prices Vale Q1 Revenues & Earnings Miss Estimates on Lower Iron Ore Prices
Apr .29.2025
Vale Q1 Revenues & Earnings Miss Estimates on Lower Iron Ore Prices
Brazil's steel imports may break Mar record in Apr Brazil's steel imports may break Mar record in Apr
Apr .29.2025
Brazil's steel imports may break Mar record in Apr
Nickel prices surge as LME inventories decline & US-China trade tensions ease Nickel prices surge as LME inventories decline & US-China trade tensions ease
Apr .29.2025
Nickel prices surge as LME inventories decline & US-China trade tensions ease
Hydro & Wilson collaborate on wind-powered shipping for greener aluminum logistics Hydro & Wilson collaborate on wind-powered shipping for greener aluminum logistics
Apr .29.2025
Hydro & Wilson collaborate on wind-powered shipping for greener aluminum logistics