🔧 BREAKING: $44.9M Arena Grant Fuels Green Iron Breakthrough!

🏭 Calix to build a novel hydrogen-based iron plant using ZESTY tech

💡 What’s ZESTY?

ZESTY = Zero Emissions Steel Technology

⚙️ Uses renewable hydrogen to extract oxygen from iron ore

🌊 Byproduct = Water (No CO₂!)

🏗️ New Demo Plant Goals:

📦 Produce: 30,000 tonnes/year of  

– Hydrogen Direct Reduced Iron (H-DRI)  

– Hot Briquetted Iron (HBI)

🔥 Energy source = Electric (not fossil-fuel furnace)

⚡ Why It’s Game-Changing:

🧪 Uses 50% less hydrogen than other H-DRI methods

🧲 Works with lower-grade iron ore

♻️ Hydrogen is not burned — reused in the process

🔌 Fully electric = potential for near-zero emissions if powered by renewables

🌍 Big Picture:🏗️ Funding also supports planning for a much larger plant🌱 Adds value to Australia’s #1 export: iron ore🧯 Targets steelmaking — one of the hardest industries to decarbonize

⚠️ Caution:

🟡 Green credentials depend on green hydrogen supply, which remains volatile🟥 BP just exited a major hydrogen project in WA due to fossil fuel strategy shift

🗣️ Calix CEO Phil Hodgson:

“ZESTY could slash hydrogen needs in green steelmaking. That’s a global unlock.”

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