Deploying these technologies at scale in Australia could move producers up the value chain and turn the country into a major exporter of low-carbon, direct-reduced iron. Switching from traditional coal and coke-based ironmaking processes to hydrogen-based production methods is the only way for the industry to fully decarbonize. Since the iron and steel sector is responsible for 7–10% of greenhouse gas emissions globally, Australia has a key role to play in the decarbonization of the industry-an effort which needs to be accelerated. This includes the novel HYFOR (hydrogen-based fine-ore reduction) technology currently being piloted by Primetals Technologies in Europe.Īustralia has the world’s largest iron ore deposits and is the leading exporter of iron ore. The companies will focus on research and development of hydrogen-based direct reduction of iron ore. Over the next 10 years, Primetals Technologies and MHI Australia will be contributing financially as well as with their decades-long experience in iron and steel production to this effort. The Centre, a not-for-profit entity with significant government funding, aims to develop technologies to decarbonize Australia’s heavy industrial sector, leverage the country’s natural endowments in mineral and clean energy resources and seize the opportunity of growing export markets for certified low-carbon products. Sydney/London, Aug–Mitsubishi Heavy Industries (MHI) Australia and Primetals Technologies, a member of Mitsubishi Heavy Industries (MHI) Group, have joined Australia’s Heavy Industry Low-Carbon Transition Cooperative Research Centre (HILT CRC) as key partners.
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