Green Iron SA aims for export from Port Pirie “by the early 2030s”

Newly-formed consortium Green Iron SA has announced its arrival and its vision, which includes turning Port Pirie into a hub for green iron pelletising, downstream manufacturing and bulk export.

Green Steel SA said it hopes to exploit the state’s natural assets of the Braemar Iron Region and its renewable energy potential to “position South Australia as a global leader in low-carbon steel supply chain”.

In a statement on Tuesday, the group said it proposes “a phased development pathway” approach. 

This would begin with “fast-tracking the development of the Razorback” to secure supply of high-purity magnetite feedstock, then production of direct reduction-grade pellets, then manufacture and export of direct reduced iron (DRI) in the form of Hot Briquetted Iron (HBI) from Port Pirie “by the early 2030s.”

Managing Director of Magnetite Mines, Tim Dobson, said his company has six billion tonnes of magnetite resources ready to mine, and that green iron was set to become a key export commodity.

“This project not only aligns with global decarbonisation goals but also positions South Australia as a leader in sustainable mining and green iron production,” said Dobson.

Mike Nolan of GHD added: “The use of green hydrogen and renewable energy for steel production has enormous potential in terms of reducing carbon emissions, and we’re excited by the prospect of establishing new standards for the global iron and steel industry.”

Green Iron SA said it plans to use “natural gas and green hydrogen when available”.

It counts iron ore mine developer Magnetite Mines, transport companies Flinders Port Holdings and Aurizon Holdings, and professional services company GHD as members.

The consortium said it is seeking government help to “fast-track critical enabling infrastructure in water, power, and logistics” and had begun discussions with the state and federal governments on “the necessary partnerships and infrastructure”.

Picture: credit Magnetite Mines

Further reading

2.5 Mtpa green steel project progresses in SA

Despite short term challenges, Whyalla has a green steel future – by Sanjeev Gupta

Australia won’t have ‘green steel’ to itself. Africa is poised to become a global hub

Is BlueScope making a mistake betting on blast furnaces in a green steel era?

Green steel eyes strong market demand for low carbon product