LIBERTY Steel Group welcomes today’s Australian Government announcement that it will inject significant funding into the Australian steel industry including a $63.2 million grant to LPMA Whyalla, LIBERTY’s environmentally sustainable steel development in South Australia.
The Australian Government grant, announced by Minister for Climate Change and Energy Chris Bowen, will support LPMA Whyalla’s installation of low carbon Electric Arc Furnace (EAF) technology, and the integrated development of LIBERTY’s billions of tonnes of high-quality magnetite ore which will transform Whyalla into an international green iron and steel export hub.
LPMA is committed to working in close partnership with the South Australian and Federal governments to develop both EAFs and a broad range of renewable energy and greener technologies including hydrogen.
The South Australian government has committed to build the world’s largest hydrogen electrolyser at Whyalla as part of its long-term plans to ensure the continued production of high-quality Australian steel both for domestic use and to be exported to customers around the world. LPMA Whyalla in September closed its coke ovens in preparation for the shift to EAF technology.
LPMA’s parent company GFG Alliance has an industry leading ambition to become carbon neutral by 2030 (CN30).
GFG Alliance Executive Chairman, Sanjeev Gupta said:
“This grant signifies that our transition to producing greener steel is wholeheartedly supported by a government that understands the importance of retaining an industry that employs Australian workers and underpins Australian communities and businesses.
Whyalla in the not-too-distant future will be the global epicentre for manufacturing low carbon iron and steel. It has all the contributing elements required to dictate and dominate the green steel industry – location, natural resources, future ability to generate abundant renewable energy, a robust, engaged workforce, deep water port, supportive government and invested owners.”
ENDS
www.libertysteelgroup.com
Note to the editors:
GFG Alliance is a collection of global businesses and investments owned by Sanjeev Gupta and his family. The Alliance is structured into three core industrial pillars; LIBERTY Steel Group, ALVANCE Aluminium Group and SIMEC Energy Group, independent of each other yet united through shared values and a purpose to create a sustainable future for industry and society. GFG Alliance employs 35,000 people, across 10 countries and has revenues of USD $20bn. GFG Alliance is a leader in sustainable industry with a mission to become Carbon Neutral by 2030 (CN30).
www.libertysteelgroup.com
