Australian technology company Calix has secured A$44.9 million (£21.8m) for a novel demonstration plant using its zero emissions steel technology (ZESTY).
The plant, powered by renewable electricity and hydrogen, will aim to produce 30,000 tonnes of low carbon hydrogen direct reduced iron (HDRI) and hot briquetted iron (HBI) a year.
Calix’s technology aims to reduce the cost of green iron production and marks a step towards cleaner steelmaking.
The funding from the Australian Renewable Energy Agency (ARENA) will support early-stage engineering research for a much larger commercial-scale ZESTY plant.
ARENA CEO Darren Miller said: “As the world’s largest producer and exporter of iron ore, Australia has a critical role in reducing emissions across the steel value chain. ZESTY is a strong step toward building a low-emissions steel industry at home.”
“What makes ZESTY so compelling is its potential to dramatically lower the amount of hydrogen required to convert iron ore into pure iron. ZESTY, in combination with use of renewable electricity from Australia’s world-class solar and wind resources, has the potential to create a new green iron industry targeting both domestic and export markets as the world transitions away from fossil fuels.”
Calix secures A$44.9m to fire up green steel technology appeared first on Energy Live News.