5 days ago
- Business
- AU Financial Review
Taxpayers back AustralianSuper's pet green iron project
The Australian Renewable Energy Agency has granted $44.9 million toward a green iron project run by ASX-listed Calix Limited, in addition to the $1 billion the Albanese government plans to spend on cutting the carbon footprint of the nation's most lucrative export industry.
The grant will provide Calix, which is 17 per cent owned by AustralianSuper, with half of the $90 million required to build a renewables-powered kiln that would make 'green iron' by removing the oxygen and waste elements in iron ore.
