This company manufactures low-emission reinforcing bar (rebar) and wire rod using electric arc furnace technology and recycled scrap steel. Their process achieves significantly lower CO2 emissions per tonne compared to traditional steelmaking methods. The company provides the construction and infrastructure sectors with certified, sustainably produced, and competitively priced Australian-made steel products.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional steel manufacturing processes are carbon-intensive, contributing significantly to global greenhouse gas emissions. Existing steel mills often rely on outdated technologies that are environmentally unsustainable. The industry needs to transition to cleaner production methods to meet decarbonization goals and reduce its environmental impact.
Solution
GreenSteel WA is establishing a green steel manufacturing industry utilizing electric arc furnace (EAF) technology and hydrogen-based direct reduction processes to convert local iron ore and scrap steel into low-emission steel products. The company is developing a green steel recycling mill powered by renewable energy and a green hydrogen-powered facility to produce green steel from iron ore. The hydrogen DRI plant can operate on both green hydrogen and natural gas, allowing for a transition to full green hydrogen usage. This approach significantly reduces carbon emissions compared to traditional blast furnace methods, promoting a circular economy by converting locally sourced scrap steel into low-carbon rebar.
Target Audience
GreenSteel WA's primary customers include construction companies, infrastructure developers, and manufacturers seeking sustainable and low-emission steel products.
Features
- Green steel recycling mill converting scrap steel into rebar.
- Green hydrogen direct-reduced iron (DRI) plant producing green HBI for export.
- Electric arc furnace (EAF) technology for steel production.
- Hydrogen-based direct reduction processes.
- Capability to transition between green hydrogen and natural gas in DRI plant operations.
- Production of low-carbon rebar from recycled scrap steel.
- Partnership with Danieli for advanced steelmaking technology.