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    Element Zero’s $26m green iron funding: flow sheet implications for miners

    September 2, 2026|

    Reviewed by Tom Sullivan

    Element Zero’s $26m green iron funding: flow sheet implications for miners

    First reported on Australian Mining

    30 Second Briefing

    Element Zero has secured up to $26 million from the Australian Renewable Energy Agency to scale its electrochemical ironmaking technology via a $53.65 million Green Iron Electroreduction Demonstration Module in Western Australia, backed through the Future Made in Australia Innovation Fund. The project aims to produce green iron by replacing conventional blast furnace routes with an electroreduction process powered by renewable energy, targeting lower direct CO₂ emissions from iron ore reduction. For miners and steelmakers, this signals early-scale validation of an alternative ironmaking flow sheet that could reshape Pilbara ore value chains.

    Technical Brief

    • ARENA’s commitment is “up to” $26 million, leaving Element Zero to fund the remaining project balance.
    • Funding flows via the federal Future Made in Australia Innovation Fund rather than state-level programmes.
    • Electrochemical route is intended to bypass coke-based blast furnaces, eliminating on-site metallurgical coal handling.
    • Process configuration is designed to run on renewable electricity, shifting energy input from thermal to electrical.
    • Green iron output is aimed at downstream steelmakers, enabling potential relocation of some value-add from offshore mills.
    • For miners, successful operation could justify mine-site or port-adjacent modules, reducing bulk ore export volumes.

    Our Take

    Element Zero’s presence in our database is closely tied to Fortescue, with a later 2025 piece noting a legal dispute and settlement over former executives, which suggests this green iron push is emerging from people with deep Pilbara iron-ore and project delivery experience.

    Among iron-tagged Mining stories, most Australian coverage still centres on traditional Pilbara export projects, so a Western Australia electroreduction demonstration plant marks a move towards capturing more value and emissions reduction within Australia rather than just shipping ore.

    With the Green Iron Electroreduction Demonstration Module costed at about A$53.65 million, the ARENA-backed financing structure implies Canberra is willing to shoulder a substantial share of early technology risk, which could de-risk follow-on commercial modules in Western Australia if the pilot meets performance targets.

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    Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.

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