The Western Australian Government has allocated $34 million to three clean energy projects through its Investment Attraction Fund (IAF).
Pilbara Minerals, POSCO, Port Hedland Iron and International Graphite are among the IAF recipients, with forms part of the WA Government’s clean energy plan to diversify the economy and set the state up for the future.
“WA is on track to become a global clean energy powerhouse, to keep our economy for the long term and create the jobs of the future,” Premier Roger Cook said.
“These projects are at the cutting-edge of the global energy transition – whether it’s reducing emissions from steel or producing the batteries the world needs for a clean energy future.”
The Port Hedland Iron project, from POSCO and Port Hedland Iron, has been awarded $15 million as it aims to decarbonise the steel manufacturing supply chain through the production of low-carbon hot briquetted iron for export to the Asian market.
Pilbara Minerals has been granted $15 million for its demonstration-scale plant that incorporates an industrial-scale electric spodumene calciner to convert critical mineral concentrates into high-value battery precursors.
International Graphite has been awarded $4 million as it advances its mine-to-market strategy through its Springdale graphite resource and Collie downstream processing facilities. The grant will help develop the next stages of technology and processes required to produce graphite products for the energy transition.
The funding is part of the WA Government’s IAF New Energies Industries funding stream, which also granted $26 million to two carbon capture and storage projects in November.
The IAF was initially established to support new investment in WA, creating more local jobs and contributing to a more diversified economy.
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