Fortescue's Green Metal Project: A Milestone in Sustainable Steel Production
Investing in a Greener Future
Fortescue Metals Group (FMG) has embarked on a groundbreaking initiative to establish a green metal supply chain with the commencement of its Green Metal Project in Western Australia's Pilbara region.
This ambitious project, backed by a significant investment of $32 million in state funding, aims to produce green iron using renewable energy sources.
A Collaborative Effort
The Green Metal Project is the result of a collaboration between FMG and Fabrum, a New Zealand-based company specializing in hydrogen technology.
Fabrum designed the project, which includes a $755 million hydrogen hub to generate green hydrogen for the production of green iron.
Benefits for the Environment and Economy
The Green Metal Project is not only a significant investment in sustainable steel production but also a major economic driver for the Pilbara region.
The project is expected to create new jobs and support local businesses, while also reducing greenhouse gas emissions from the steelmaking process.
A Commitment to Sustainability
FMG's investment in green metal production underscores its commitment to environmental stewardship and its role in the global transition to a low-carbon economy.
The company aims to be carbon neutral by 2030 and to produce zero-emission iron ore by 2040.
Key Milestones
August 16, 2024:- Fortescue marks the start of works at its Green Metal Project.
- The project receives $2 million in state funding.
- $755 million project to produce green iron using renewable energy.
- Hydrogen hub designed by Fabrum.
- Reduces greenhouse gas emissions from steelmaking.
- Supports the transition to a low-carbon economy.
- Creates new jobs in the Pilbara region.
- Supports local businesses.
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