U.S. Rock Legend Inspiring Magnate’s Green Steel Revolution
- Fortescue founder plans pilot green steel plant in Australia
- Swedish JV last year began test project for fossil-free steel
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Andrew Forrest, billionaire founder of iron ore empire Fortescue Metals Group Ltd., is “runnin’ down a dream” of a green-powered Australian steel-making renaissance.
Citing inspiration from the rock song by the late Tom Petty, Forrest, in a televised speech on Saturday, will outline his vision to harness the country’s potential green energy and hydrogen resources and its vast iron ore reserves to make Australia a world leader in zero-emissions steel manufacturing.