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GFG Alliance and South Australian Government to explore supplying H2 to support the green iron and steel

GFG Alliance has signed a landmark agreement with the South Australian Government to explore opportunities for the supply of H2 from its 250-MW electrolyzer in Whyalla to support the transformation to green iron and steel.

GFG has also entered into a memorandum of understanding (MoU) with global energy company Santos for potential long term natural gas supply to its Whyalla operations.

GFG Alliance Executive Chairman Sanjeev Gupta said, “Being a key offtaker for the supply of green H2 from the world’s largest electrolyzer being built in Whyalla is a real privilege for GFG. This step is vital in our plans to produce premium green iron and steel in Whyalla, and a huge boost to Australia’s determination to lead the world in decarbonization.”

“I celebrate our collaboration with the South Australian Government which serves to underscore Premier Malinauskas’s commitment to environmental sustainability and economic prosperity for the Upper Spencer Gulf.”

“The Premier’s bold approach to leading the charge on green H2 is an example to Australia and the rest of the world in kick starting this vital shift in energy transition which will benefit generations to come.

“Today’s agreement gives us and our stakeholders confidence to ramp up our efforts and commitment to the production of our 4 billion tons of high-quality magnetite, the establishment of a state-of-the-art green iron and green steel plant which will ultimately be powered by renewable energy and green H2.

These world changing industries will truly put Whyalla on the map, bringing high quality jobs and prosperity to this resilient region, establishing us as a global leader in the production of green iron and steel.”

“I am also pleased to be working with a strong partner in Santos on natural gas supply for our operations, necessary for the transition to H2. Furthermore, we are happy to support and applaud the pursuit of Santos’s Carbon Capture and Storage ambitions which could play a significant role in reducing residual emissions from our steelworks.”

Liberty Primary Steel and Mining CEO Sandip Biswas said, “Whyalla has all the elements required to lead the green steel industry in one location – vast reserves of high-quality magnetite, abundant potential for the generation of renewable energy, a cape-sized capable seaport, a skilled workforce, extensive existing infrastructure, a supportive community, collaborative governments, and now secured a pathway to offtake natural gas and decarbonization collaboration.”