Federal Government launches $500 million Green Iron Investment Fund

A single green iron plant could add up to $85 billion to the Australian economy and create more than 1,500 long-term jobs according to a study by Minerals Research Institute of Western Australia (MRIWA).

The Federal Government has launched the $500 million Green Iron Investment Fund’s National Development Stream to accelerate commercial-scale green iron production by 2031 and create an opportunity to grow Australia’s iron ore industry and shape a new, globally competitive industrial sector.

This Fund complements broader Future Made in Australia commitments, including the $2 billion Green Aluminium Production Credit and the $750 million Future Made in Australia Innovation Fund. Powering Australia proudly supports this national effort to transform Australia’s hardest-to-abate sectors into engines of sustainable growth.

Applications for the Green Iron Investment Fund’s National Development Stream open on 28 October. Find more details and check eligibility here.