The project aims to produce up to 7 million tonnes of green iron pellets annually, with around half converted into 2.5 million tonnes of green Hot Briquetted Iron (HBI). Powered entirely by locally generated renewable energy and using local magnetite iron ore, the plant is expected to cut CO₂ emissions by up to 90% compared to conventional steelmaking.
HBI, a compressed form of Direct Reduced Iron (DRI), will be exported as a value-added product from the Mid West region near Geraldton. The project is designed as an integrated supply chain from mine to port, making use of existing infrastructure. First exports are anticipated in 2029.
PGS’s long-term ambition is to scale production to 30 million tonnes of DR-grade green pellets and 10 million tonnes of green HBI per year. For the initial phase, green hydrogen will be produced using thyssenkrupp nucera’s modular 20 MW scalum® alkaline electrolysis units.
James Rhee, Managing Director of PGS, commented: “We appreciate the effort and expertise that the thyssenkrupp nucera Australia team has provided for our lighthouse green iron project to date. As a partner with proven technology and execution competence, we look forward to progressing the cooperation with thyssenkrupp nucera in the next stages of the project.”
Dr. Johann Rinnhofer, CEO of thyssenkrupp nucera Australia,said : “The collaboration between PGS and thyssenkrupp nucera is an exciting step toward pioneering the green iron opportunity in Australia, whilst reducing the carbon footprint of steelmaking globally.”
The project is still in an early planning phase and remains subject to a final investment decision. thyssenkrupp nucera expects no material impact on sales and earnings before fiscal year 2026/27.
