This ASX-listed materials play says its green iron is now almost as cheap as the regular kind
ASX-listed Calix has perfected its green iron recipe and claims it is only slightly more expensive than the regular fossil fuel variety.
The “green premium” between the price of zero-emissions iron made using hydrogen and its traditional fossil fuel counterpart has almost shrunk into insignificance.
At least that is the message from $400 million ASX-listed green materials play Calix. The company uses a cement kiln technology to manufacture hot briquetted iron from hydrogen and iron ore. During a recently completed Front End Engineering Design (FEED) study, it discovered its green product cost dramatically less than it was expecting
The company told the ASX on Monday that a demonstration plant could produce green iron for approximately $630-800 per tonne. This is within the $536-720 range International Energy Estimates that the most expensive fossil fuel steel costs to make.
Calix CEO Phil Hodgson told Capital Brief he is taking it as a win because regular magnetic iron plants cost a lot to build and the iron has to be pelletised before it can be made into steel.
