Green Iron Project will generate more than 55 thousand jobs in Bahia

With an investment of US$ 5.7 billion, the Green Iron Project expects to generate more than 55 thousand jobs in Bahia, with a focus on green steel and decarbonization of the steel industry.

The Bahia Mineral Research Company (CBPM) met and provided consultancy to the British company Brazil Iron for the development of the Green Iron Project, an investment of US$ 5.7 billion that provides for the processing of iron ore, the construction of a 120 km railway branch and the installation of steel plants, expected to generate more than 55 thousand direct and indirect jobs. In addition, the company has already invested R$ 1.7 billion in Bahia, an amount that is not included in the estimated capital for the project.

The meeting, held in the municipality of Piatã, brought together mayors and councilors of the municipalities involved to learn about the details of the strategic enterprise, which combines technological innovation, sustainability and socioeconomic development. According to the creators, in addition to the economic impact, the project positions Bahia as a national reference in the production of green steel, strengthens the sector’s production chain and contributes decisively to the decarbonization of the Brazilian steel industry.

Considered an essential input for the transformation of the global steel industry, Green Iron consists of the production of Hot Briquetted Iron (HBI). The technology makes it possible to replace polluting coal-fired furnaces with electric models, capable of reducing carbon dioxide emissions by up to 99%. The use of high-quality iron ore and 100% renewable energy places the project at the frontier of the sector’s energy transition.

“The Green Iron Project places our state at the forefront of the energy transition in the steel industry. It is not just an economic investment, but a strategic step to generate jobs, boost technology and transform a mineral resource into a cutting-edge, sustainable and efficient industrial solution”, said the president of CBPM, Henrique Carballal.

For Brazil Iron’s Vice President of Institutional Relations, the detailed presentation of the Green Iron Project to local managers reinforces the company’s commitment to transparent relations. “Our commitment to the development of the region is to create a legacy that goes beyond investment. We believe that a successful project is built with dialogue and partnership. In the next steps, we will do the same with community leaders and the population, ensuring that everyone’s participation is the basis of our project,” said Souza.

The mayor of Piatã considered the initiative a “very important step to associate the economic potential of the mineral sector with the responsibility of fostering social and environmental development”. “With this action, CBPM shows that it is possible to transform natural resources into a symbol of prosperity, always respecting the environment and the community, building a more sustainable future for Piatã”, added Marcos Paulo.

Publication source: MINÉRIO DE FERRO | Projeto Ferro Verde vai gerar mais de 55 mil empregos na Bahia | Brasil Mineral