The agreement highlights that Western Australia’s renewable energy potential can directly support Germany and the European Union’s decarbonization targets and potentially set a global standard for green hydrogen-based industrial projects. In this context, the region is expected to develop a new value-added manufacturing industry in the long term, while also strengthening German technology and expertise on a global scale.
The project will deepen trade relations between Australia, Germany, and the EU, while also increasing diversity in demand and supply chains. Supported by Western Australia’s Premier Roger Cook and his government, the initiative involves Thyssenkrupp, technology providers SMS Group, Midrex, Thyssenkrupp Nucera, and financial partner KfW IPEX Bank.
Western Australia’s Minister for Mines, Petroleum and Finance David Michael, Parliamentary Secretary David Scaife, and Geoff Baker, a member of the Friends of Clean Energy and Climate Action Group, welcomed the German delegation at the WA Parliament House and expressed their support.
As highlighted by European Union leaders, there is an emphasis that “the time is now not for talking, but for action” to achieve climate goals. The project aims to overcome “greenwashing” criticisms and mark a turning point in genuine green steel exports.
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