- Iron Road (IRD) has advised the master plan for green manufacturing at the Cape Hardy Port has commenced
- The plan is to integrate an iron ore ‘green pellet’ plant on the east coast of the Eyre Peninsula and will be fuelled by renewable energy
- The master plan is being developed by green hydrogen infrastructure developer, Hydrogen Utility (H2U)
- H2U has realised it will need at least 200 hectares on the Cape Hardy site for the proposed green manufacturing precinct
- At market close, Iron Road is up 3.03 per cent and is trading at 17 cents per share
Iron Road (IRD) has advised that the master plan for green manufacturing at the Cape Hardy Port has commenced.
The company and its joint venture partners are developing a new export facility on the east coast of the Eyre Peninsula, South Australia.
The master plan is to integrate an iron ore ‘green pellet’ plant fuelled by renewable energy, using high-grade iron concentrate from the Central Eyre Iron Project.
In November, Mitsubishi Heavy Industries (MHI) agreed to make a capital investment in Hydrogen Utility (H2U).
H2U is a leading developer of green hydrogen infrastructure projects in Australia.
MHI sees South Australia as being a the leading economy, globally, in the integration of variable renewable energy into its electricity generation mix.
After securing MHI as an investor, H2U can now speed up its development projects in SA, which includes detailed planning for a green manufacturing precinct at Iron Road’s 1100 hectare Cape Hardy port site.
H2U has identified that a minimum 200-hectare footprint on the Cape Hardy site is needed for the proposed green manufacturing precinct.
South Australia’s hydrogen export prospectus
Last year, the South Australian State Government released a hydrogen export prospectus, which says how the state can benefit from the global demand for hydrogen.
Notably, the commodity is expected to contribute $1.7 billion and 2800 jobs to Australia’s economy by 2030.
The prospectus outlined the opportunity for exports to be shipped from a greenfield port on the lower Eyre Peninsula.
The Cape Hardy project, which is backed by Eyre Peninsula Co-operative Bulk Handling Limited (EPCBH), Iron Road and Macquarie Capital, is the only deepwater multi-commodity port for the Eyre Peninsula, that is considered in the State Government’s hydrogen export study.
“As a true multi-commodity deep-water port, we have consistently promoted the ability of Cape Hardy to deliver benefits not only to the region’s grain growers but also to the wider Eyre Peninsula community,” EPCBH CEO Time Scholz said in October.
At market close, Iron Road is up 3.03 per cent and is trading at 17 cents per share.