The Western Australian Government has allocated $34 million through the Investment Attraction Fund (IAF) to three job-creating clean energy projects across the state.
This latest funding boost is part of the government’s clean energy plan to diversify the economy and set Western Australia up for the future.
South Korean steelmaker POSCO Co (NYSE:PKX) and privately held Port Hedland Iron have been awarded $15 million for the Port Hedland Iron Project.
The project aims to decarbonise the steelmaking manufacturing supply chain with production of low carbon hot briquetted iron for export to the Asian market.
Pilbara Minerals (ASX:PLS) has also been allocated $15 million for its demonstration-scale plant that includes an industrial-scale electric spodumene calciner, which converts critical mineral concentrates into high-value battery precursors.
Meanwhile, International Graphite (ASX:IG6) will receive $4 million to fast-track the Springdale graphite resource for the Collie downstream processing facilities. The funding will also support the company develop the next stages of technology and processes required to produce critical battery materials.
Premier Roger Cook says Western Australia is on track to become a global clean energy powerhouse.
“These projects are at the cutting edge of the global energy transition — whether it’s reducing emissions from steel or producing the batteries the world needs for a clean energy future,” Cook says.
The latest funding is part of the government’s IAF New Energies Industries Funding Stream, which also included $26 million announced in November 2024 for two carbon capture and storage projects.
Write to Aaliyah Rogan at Mining.com.au
Images: Pilbara Minerals
