Chinese state-owned iron and steel company, Baowu Group, has indicated an interest in building a new green steel plant in Western Australia.
During talks with Australia’s Federal Trade Minister Don Farrell in Beijing on May 11, Baowu Group’s chairman Chen Dorong said Western Australia’s availability of clean energy, and ore made the state an ideal site for a new green facility.
Baowu Group is one of China’s biggest polluters, and it plans to reduce emissions by 30 percent by 2035 and be carbon neutral by 2050.
Chen told Farrell that the Chinese state-owned company wanted to decarbonise its operations but is also looking at West Africa, South America and Saudi Arabia as alternatives….