Western Australian Companies Collaborate for Green Iron Production
Key Ideas
  • Three Perth-based companies, Athena Resources, Warradarge Energy, and Fenix, have formed a joint venture to produce green iron using locally produced iron ore and green hydrogen.
  • The collaboration aims to leverage Western Australia's renewable energy resources and magnetite deposits to compete globally in green iron production, focusing on regional development.
  • The project will proceed in stages, starting with feasibility testing by the end of 2026, leading to the construction of small-scale and full-size plants for commercial production.
  • Athena Resources' primary focus remains on developing its high-quality Byro Magnetite Project, with the joint venture providing additional market opportunities for their iron products.
Three Western Australian companies based in Perth, namely Athena Resources, Warradarge Energy, and Fenix, have come together to establish a joint venture known as the Mid West Green Iron Project. The primary objective of this collaboration is to produce green iron by utilizing locally sourced iron ore and green hydrogen. Athena Resources will contribute its high-grade magnetite, while Warradarge Energy will supply the necessary green hydrogen, and Fenix will provide logistics and port services, thus creating essential capabilities for green iron production. This initiative is driven by the abundant renewable energy resources and magnetite deposits present in Western Australia, aiming to compete on a global scale in the green iron market. The project will be strategically located in the Mid West region, taking advantage of the partners' existing projects. The planned stages of development include feasibility testing by 2026, followed by the construction of small and full-scale plants for commercial production. The Managing Director of Athena Resources emphasized the regional focus and synergies of the partners' projects, highlighting the potential for market expansion and export opportunities. Overall, the sentiment towards this joint venture is positive, reflecting a commitment to sustainability, collaboration, and market growth in the green iron sector.
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