Fortescue aims to start building Australia's first green steel pilot plant this year, with a commercial plant, powered entirely by green electricity, from wind and solar in the next few years.
Australia is in an absolutely unique position to scale green steel.
If Australia were to capture just 10 per cent of the world's steel market, we could generate well over 40,000 jobs — more than what's required to replace every job in the coal industry.
"You replace coal in the furnace with our old friend, green hydrogen. You get steel – but instead of emitting vast clouds of CO2, you produce nothing more than water vapour" Andrew Forrest.