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The Premier is doing the rounds
of the Spencer Golf attending a

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major Steelworks announcement
in Whyalla this morning. Peter

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Malinauskas backing GFG
Alliance's plans to install an

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electrical arc furnace that
will cut carbon emissions by 90

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percent. GFG Alliance, the
Premier and even AFL Royalty in

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the former Port Augustus Hannah
Ewings and Ryan Burton attended

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the formal ceremony at the
Steelworks where Liberty

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Primary signed an agreement
with Italian company Danielli

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to build a low carbon electric
arc furnace phasing out

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core-based steel making. The
Premier saying it's one of the

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biggest developments in the
city's history. EFG realises

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all its ambitions to produce
green iron and a dramatic

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scaling up including the DRI
plants. We're getting a lot

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more workers which means we
need a lot more houses which

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means we're doing a lot more
restaurants, a lot more cafes,

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horse retail, everything builds
from there in this local

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economy. Thousands of jobs are
expected to be created during

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construction and operation of
the project which is worth $485

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million dollars. We'll have a
combination overall jobs we

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expect to be about 4, 000 from
3000 that includes the mining

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works, the steel works, all of
workforce we expected to expand

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to 4000 but that will be in a
lot of regenerating of our

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existing workforce as well.
Today's announcement marks a

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sharp reduction in direct CO2
emissions by the Steelworks by

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over 90% by 2025. That's in
line with the federal

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government safeguard mechanism.
They're thinking ahead about

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what they can do around green
steel. We've moved into place

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two big pieces of legislation
in the last week that is very

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supportive of this through the
National Reconstruction Fund.

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Liberty says it's committed to
long term involvement in

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Whyalla with green hydrogen the
way of the future. Around about

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9% of all of global carbon
emissions comes from steel

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production. Here in South
Australia we can dramatically

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reduce that by producing green
iron and green steel at a price

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cheaper than anywhere else in
the rest of the world because

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of access to hydrogen at an
affordable price. Construction

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is scheduled to begin later
this year. Daniel Pizzaro Seven

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Spencer Golf News.