en.Wedoany.com Reported - The Cook Labor Government has announced funding for Generation Steel (formerly Western Australian Green Steel) to support pre-development work for its proposed first low-emission steel plant in Australia and the first steel recycling facility in Western Australia.

This funding comes from the state government's AUD 230 million Collie Industry Transition Fund, with Generation Steel providing matching co-funding to advance the project toward a final investment decision.

The Western Australian government had previously provided AUD 4.5 million in funding to Generation Steel to complete a bankable feasibility study, which confirmed the project's viability and supported its progression to the next development stage.

According to the government, construction of the proposed steel plant could create up to 500 jobs in Collie, with the facility expected to provide 217 long-term positions once operational.

Premier Roger Cook stated that the project is part of the government's strategy to diversify Western Australia's regional economy and create new industries. Cook said Collie has played a key role in electricity supply in the past and will be consolidated through projects supported by the Collie Just Transition, including the Generation Steel recycling facility. He expressed hope that by securing subsequent employment projects in the state, Western Australia's economy will maintain its leading position nationwide.

Minister for Energy, Decarbonisation and Manufacturing Amber-Jade Sanderson said the project aligns with the government's "Made in Western Australia" agenda, aiming to expand the state's manufacturing base. Sanderson noted that this announcement is a significant milestone for Generation Steel, which is working to build the first steel recycling facility in Western Australia, and that establishing a green steel industry in Collie will create quality jobs for future generations and diversify the local economy.

Minister for the South West Region Don Punch described the investment as another step in supporting economic opportunities in the region, strengthening the economy and providing more local opportunities.

Member for Collie-Preston Jodie Hanns said the project could support workers affected by the transition from coal-fired power. Hanns stated that the funding support for Generation Steel is positive news for local employment in Collie, making it one of the key industries the government supports to ensure a fair transition for workers.

Generation Steel Executive Director Don Johnston said the proposed facility will support domestic steel production and recycling capacity, introduce modern technology and innovation, enhance Australia's sovereign steel industry, utilize scrap steel resources, and reduce import dependence. He committed Generation Steel to Collie and thanked the Western Australian government for its support in building a stronger industrial future.

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