WHYALLA’S GREEN IRON & STEEL Transformation
"Learn about Whyalla's ambitious project to revolutionize the iron and steel industry, aiming for carbon neutrality by 2030. With a focus on sustainable practices and renewable energy sources, Whyalla is set to become a global hub for green iron and steel production, paving the way for a greener future in the steel industry. Explore the regional setting, resources, and innovative technologies driving this transformation."
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WHYALLAS GREEN IRON & STEEL Transformation Gavin Hobart GMUSG August 2023
The problem Global Steel Demand Growth Climate change Steel manufacturing accounts for up to 9 per cent of global CO2 emissions As economies develop, steel consumption is expected to double in the next 30 40 years Many countries already legislating to be carbon neutral by 2050 1.9bn crude steel production in 2021 Compound annual growth rate 2 3% Paris Agreement is limiting global warming to well below 2 C and pursuing efforts to limit it to 1.5 C Average steel industry emissions globally = 1.87 tonnes of CO2 per tonne of steel Takes it to over 3bn tonnes of steel by 2050 Which means if we do nothing then the CO2 generated by the steel industry could increase to 6bn tonnes Impossible without a solution for steel Steel industry contributes 3.5Bn tonnes of CO2 annually 2 WHYALLA | A magnetite hub
A generational opportunity Whyalla A GREENIRON & GREENSTEEL HUB Mining & Steel Making Heritage GFG have a vision to be carbon neutral by 2030 and are actively taking steps towards decarbonisation. This includes modifying and modernising our current Whyalla Iron and Steelmaking technologies Workforce Whyalla is equipped to support a community- based workforce and educate and train the kids of today who will be the future engine room of the transformed Whyalla GREENSTEEL industry. Magnetite Large scale resource that concentrates to a direct reduction (DR) quality to support DRI / EAF production is emerging Renewables South Australia is committed to reaching 100% renewable power by 2030. Whyalla is rich in sun as the and wind to support local renewable investment. Hydrogen SA Government has committed $593m to create a hydrogen facility in Whyalla. future Port Port of Whyalla provides a route to market for this highly globally sought low carbon green iron hub of 4 WHYALLA | A magnetite hub
Whyalla Hydrogen Iron and GREENSTEEL Global Hub 4.5Mtpa HBI IRON & STEEL MINING Expor t Wate r 2.5 + 5Mtpa 2 + 5.5Mtpa 7.5Mtpa DR Pellets Magnetite Concentrate Pellet Plant Magnetite Mining Green Hot Briquetted Iron Export Whyalla Port 5Mtpa + 0.6Mtpa HDRI Scra p 130ktpa H2 + 25PJ Natural Gas ENERGY 1.5Mtpa DR I H2 H2 Storage Direct Electric Arc Furnace Rolling Mill GREENSTEEL Reduction Process Cultana Domesti c Electrolyse rs Solar Farm DELIVERS ENABLED BY GreenHydrogenRevolution ASkilled Workforce OtherGreen Gas EnergySources (Backup) Natural Playfor d Batter y Carbon EmissionReduction Community GreenHydrogenEconomy Governments Investors NationBuilding MajorInfrastructure Economic Growth Partners 8 WHYALLA | A magnetite hub
Regional Setting Eastern Eyre Peninsula Duchess South Resource 640Mt @ 32.5% mass recover (30.9%Fe) Exploration Targets Table 1 and Supporting Documents to enable reporting under JORC 2012 Guidelines completed. 6 WHYALLA | A magnetite hub
Australian magnetite South Australian abundance SA magnetite potential is well understood, but not advanced to producing assets WA and SA are home to the nation s magnetite wealth 18Bt of magnetite South Australia is rich in magnetite, but power, water, rail and port solutions are necessary to commercialise this resource. 3 WHYALLA | A magnetite hub
Vision for Whyalla Magnetite Hub GFG: A producer with IP to share and value to add Community and workforce Well established history of community support and a workforce that is ready to be mobilised. Leveraging partnerships to enable strategic investment SA Government Whyalla Hydrogen $593M committed to Whyalla development Port SA s only operating cape capable port with expansion capacity Processing facility in Whyalla Concept to enable third party access, solve current infrastructure and utilities constraints Magnetite Strategy Unlocking critical resource Northern Water The business case for new water supply for the northern regions Water, power and rail Existing capacity and connection to national rail network Renewables Committed to 100% renewable grid by 2030 Whyalla GREENSTEEL Vision for carbon neutral steel by 2030 and development of direct reduction plan to add direct reduction value to magnetite products in Whyalla, South Australia Land availability Other magnetite producers Facilitating expansion and offering storage optionality Lowering capital cost Co-investment for shared solution Strategic investment Sharing IP Established technology to significantly reduce site water and power needs Partnership opportunities Existing industry positioned for growth through partnership model Centralised magnetite handling and final processing Value add Access to direct reduction plant for upgrade to premium product Industry cohesion offers attractive, de-risked investment opportunity Enhancing route to market Export growth and opportunity underpinned by secured supply Improved development probability Shared desire to succeed 7 WHYALLA | A magnetite hub
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