Perdaman, Rio Tinto Team for Green Iron Pilot Plant
Perdaman will supply hydrogen technology for Rio Tinto's Zesty green iron pilot plant in Western Australia under a preliminary deal announced Thursday.
Perdaman will supply hydrogen technology for a green iron pilot plant in Western Australia under a preliminary deal with Rio Tinto announced Thursday.
The project, named Zesty, is a pilot-scale facility designed to produce iron using hydrogen instead of metallurgical coal. Perth-based Perdaman focuses on hydrogen and ammonia production. Rio Tinto, one of the world's largest miners, has been exploring low-carbon ironmaking routes to reduce its steelmaking emissions.
The agreement is the latest venture in Australia's push to decarbonise steel production, a sector that accounts for roughly 7% of global carbon dioxide emissions. Hydrogen-based ironmaking replaces the traditional blast furnace process, which relies on coking coal, with a chemical reaction that emits water vapour instead of CO2.
Rio Tinto (RTNTF) has an Alpha Score of 62 out of 100, labelled Moderate. The score reflects the company's exposure to commodity cycles and the costs tied to decarbonisation.
No financial terms were disclosed. The plant's timeline and production capacity were not specified in the announcement.
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