Australia Supports NeoSmelt’s Green Iron Initiative with A$19.8 Million Grant

Post Views: 306 NeoSmelt project Australia Supports NeoSmelt’s Green Iron Initiative Australian government has awarded the NeoSmelt consortium a A$19.8 million ($13 million) grant to develop an electric smelter in Western Australia. This project focuses on producing low-carbon direct reduction iron (DRI). The initiative will help Australia reduce its carbon footprint in steel production. NeoSmelt expects to begin production in 2028. NeoSmelt is a consortium of five key metals and energy producers. The grant will fund an A$48.8 million engineering study. This study will help design a faci...