An Australian invention designed to boost green iron production is heading to the United States after its creators discovered an export market by chance.
But the company plans to save its first large-scale unit for Australia and what could be the nation’s first commercial green iron plant.
Mining technology firm DryFlow Magnetics revealed the milestone at its Adelaide facility on Tuesday, showing off a machine capable of processing 20 tonnes of iron ore per hour.
The announcement comes days after a Climate Energy Finance report warned Australia must accelerate green iron and steel production or risk the value of its iron ore exports, and after the federal government launched a $1 billion investment fund to support early projects.
Green iron is produced using renewable energy, such as solar, wind and hydrogen, and could cut 90 per cent of emissions from the steelmaking process.
