Product catalogue
Green Steel: Synergies between the Australian Iron Ore Industry and the Production of Green Hydrogen
Green steel, produced using renewable energy and hydrogen, presents a promising avenue to decarbonize steel manufacturing and expand the hydrogen industry. Australia, endowed with abundant renewable resources and iron ore deposits, is ideally placed to support this global effort. This paper's two-step analytical approach offers the first comprehensive assessment of Australia's potential to develop green steel as a value-added export commodity. The Economic Fairways modelling reveals a strong alignment between prospective hydrogen hubs and current and future iron ore operations, enabling shared infrastructure development and first-mover advantages. By employing a site-based system optimization that integrates both wind and solar power sources, the cost of producing green steel could decrease significantly to around AU$900 per tonne by 2030 and AU$750 per tonne by 2050. Moreover, replacing 1% of global steel production would require 35 GW of well-optimized wind and solar photovoltaics, 16 GW of hydrogen electrolysers, and 1000 square kilometres of land. Sensitivity analysis further indicates that iron ore prices would exert a long-term influence on green steel prices. Overall, this study highlights the opportunities and challenges facing the Australian iron ore industry in contributing to the decarbonization of the global steel sector, underscoring the crucial role of government support in driving the growth and development of the green steel industry.
<b>Citation:</b>
Wang C et al., Green steel: Synergies between the Australian iron ore industry and the production of green hydrogen, <i>International Journal of Hydrogen Energy,</i> Volume 48, Issue 81, 1 October 2023, Pages 32277-32293, ISSN 0360-3199.
Simple
Identification info
- Date (Creation)
- 2021-10-29
- Date (Publication)
- 2023-09-11T05:10:13
- Citation identifier
- Geoscience Australia Persistent Identifier/https://pid.geoscience.gov.au/dataset/ga/146059
Identifier
- Codespace
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Digital Object Identifier
- Cited responsible party
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Role Organisation / Individual Name Details Author Wang, C.
External Contact Author Walsh, S.D.C.
External Contact Author Weng, Z.
MEG Internal Contact Author Haynes, M.
MEG Internal Contact Author Summerfield, D.
MEG Internal Contact Author Feitz, A.
MEG Internal Contact Publisher Elsevier Ltd
External Contact
- Name
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International Journal of Hydrogen Energy
- Issue identification
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Volume 48 Issue 81 1 October 2023
- Page
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32277-32293
- Purpose
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Journal article
- Status
- Accepted
- Point of contact
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Role Organisation / Individual Name Details Point of contact Commonwealth of Australia (Geoscience Australia)
Voice Point of contact Haynes, M.
MEG Internal Contact Resource provider Minerals, Energy and Groundwater Division
External Contact
- Spatial representation type
- Topic category
-
- Geoscientific information
Extent
Extent
))
- Maintenance and update frequency
- Not planned
Resource format
- Title
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Product data repository: Various Formats
- Protocol
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FILE:DATA-DIRECTORY
- Name of the resource
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Data Store directory containing the digital product files
- Description
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Data Store directory containing one or more files, possibly in a variety of formats, accessible to Geoscience Australia staff only for internal purposes
- theme.ANZRC Fields of Research.rdf
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ECONOMICS
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RESOURCES ENGINEERING AND EXTRACTIVE METALLURGY
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EARTH SCIENCES
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- Project
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EFTF
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- Project
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Exploring for the Future
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- Project
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Economic Fairways
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- Project
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Hydrogen Studies
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- Theme
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green steel
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- Theme
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Hydrogen
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- Theme
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Resource economics
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- Theme
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energy system modelling
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- Theme
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industrial decarbonisation
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- Theme
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renewable energy
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- Keywords
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Published_External
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Resource constraints
- Title
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Creative Commons Attribution 4.0 International Licence
- Alternate title
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CC-BY
- Edition
-
4.0
- Access constraints
- License
- Use constraints
- License
- Other constraints
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© 2023 The Author(s)
Resource constraints
- Title
-
Australian Government Security ClassificationSystem
- Edition date
- 2018-11-01T00:00:00
- Classification
- Unclassified
- Language
- English
- Character encoding
- UTF8
Distribution Information
- Distributor contact
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Role Organisation / Individual Name Details Distributor Commonwealth of Australia (Geoscience Australia)
Voice facsimile
- OnLine resource
-
Link to Journal
Link to Journal
- Distribution format
-
Resource lineage
- Statement
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Original research output from the 'Economic Fairways' and 'Hydrogen Studies' Exploring for the Future modules. Modelling includes mixed integer optimisation of multiple systems to meet required production targets, based on available renewable energy capacities determined from Renewables Ninja data.
Metadata constraints
- Title
-
Australian Government Security Classification System
- Edition date
- 2018-11-01T00:00:00
- Classification
- Unclassified
Metadata
- Metadata identifier
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urn:uuid/e01585a4-69c9-423c-8568-ef9816dc3251
- Title
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GeoNetwork UUID
- Language
- English
- Character encoding
- UTF8
- Contact
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Role Organisation / Individual Name Details Point of contact Commonwealth of Australia (Geoscience Australia)
Voice Owner Haynes, M
Internal Contact Point of contact Haynes, M.
MEG Internal Contact
Type of resource
- Resource scope
- Document
- Name
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Journal Articles and Conference Papers
Alternative metadata reference
- Title
-
Geoscience Australia - short identifier for metadata record with
uuid
- Citation identifier
- eCatId/146059
- Date info (Creation)
- 2019-04-08T01:55:29
- Date info (Revision)
- 2019-04-08T01:55:29
Metadata standard
- Title
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AU/NZS ISO 19115-1:2014
Metadata standard
- Title
-
ISO 19115-1:2014
Metadata standard
- Title
-
ISO 19115-3
- Title
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Geoscience Australia Community Metadata Profile of ISO 19115-1:2014
- Edition
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Version 2.0, September 2018
- Citation identifier
- https://pid.geoscience.gov.au/dataset/ga/122551