Australia's BlueScope Steel signs green iron agreement with Helios
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 18 2024
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Source: Reuters
Collaboration for Green Iron Production: BlueScope Steel has signed a preliminary agreement with Israel's Helios Project to trial green iron production using clean energy starting in 2026, which produces no direct carbon emissions.
Impact on Steel Industry Emissions: The new technology aims to decarbonize the steel industry, which currently contributes about 10% of global emissions, by utilizing sodium as a reducing agent and enabling the use of lower-grade iron ores.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
