Whyalla’s Liberty Steel will phase out coal-based steelmaking, as the company announced the purchase of a $485 million low carbon emission electric arc furnace.
The new furnace will lift steelmaking capacity in the city from 1 million to 1.5 million tonnes per year, with construction expected to be completed in 2025 replacing the existing coke ovens and blast furnace.
The company is also looking to install a 1.8 million tonne per annum Direct Reduction Plant, which would process magnetite ore to create low-carbon iron and use green hydrogen.
In a statement, Liberty’s Executive Chairman Sanjeev Gupta said today marks the beginning of a new era, placing Whyalla at the heart of a global revolution in the steel industry, moving it from being the most polluting of all industries to among the greenest.
Photo: GFG Alliance