BHP Group and NeoSmelt Consortium Secure A$19.8 Million ARENA Grant to Develop Low-Emission Steelmaking Technology in WA

Reuters

2025/06/17

BHP Group and NeoSmelt Consortium Secure A$19.8 Million ARENA Grant to Develop Low-Emission Steelmaking Technology in WA

BHP Group Limited, along with consortium partners BlueScope, Rio Tinto, Woodside Energy, and Mitsui Iron Ore Development, has welcomed a significant boost from the Australian Renewable Energy Agency (ARENA), which has committed A$19.8 million to support the NeoSmelt project. This consortium-led initiative aims to develop a pilot plant for lower-emissions steel production in Western Australia. The funding will aid a Front-End Engineering Design (FEED) study to explore using Pilbara iron ore to produce lower-carbon iron, potentially paving the way for alternative steelmaking processes. The project is currently in the feasibility phase, with a final investment decision anticipated in 2026. This initiative also benefits from a previous A$75 million contribution from the Western Australian Government, highlighting a collaborative effort to advance decarbonisation in the steel industry.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BHP Group Limited published the original content used to generate this news brief on June 17, 2025, and is solely responsible for the information contained therein.

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This consortium-led initiative aims to develop a pilot plant for lower-emissions steel production in Western Australia. The funding will aid a Front-End Engineering Design (FEED) study to explore using Pilbara iron ore to produce lower-carbon iron, potentially paving the way for alternative steelmaking processes. The project is currently in the feasibility phase, with a final investment decision anticipated in 2026. This initiative also benefits from a previous A$75 million contribution from the Western Australian Government, highlighting a collaborative effort to advance decarbonisation in the steel industry.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BHP Group Limited published the original content used to generate this news brief on June 17, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0330918003.SGD","symbol_name":"Blackrock World Mining A2 SGD-H","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250617:nNDL3BpS1n:1","article_id":"2544939869","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2544939869","pubTimestamp":1750131359,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BHP Group Limited, along with consortium partners BlueScope, Rio Tinto, Woodside Energy, and Mitsui Iron Ore Development, has welcomed a significant boost from the Australian Renewable Energy Agency , which has committed A$19.8 million to support the NeoSmelt project. 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This consortium-led initiative aims to develop a pilot plant for lower-emissions steel production in Western Australia. The funding will aid a Front-End Engineering Design (FEED) study to explore using Pilbara iron ore to produce lower-carbon iron, potentially paving the way for alternative steelmaking processes. The project is currently in the feasibility phase, with a final investment decision anticipated in 2026. This initiative also benefits from a previous A$75 million contribution from the Western Australian Government, highlighting a collaborative effort to advance decarbonisation in the steel industry.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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