Illawarra Newsroom

BlueScope reveals plan for surplus land around Port Kembla steelworks

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BlueScope's embarked on a plan to chart its next 100 years by engaging a Danish firm to develop a master plan for 500 acres of excess land around the Port Kembla steelworks.

BlueScope CEO Mark Vassella said steelmaking and modern manufacturing will continue to be a key part of the Port Kembla operation with the project to explore other uses for the land.

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"We will of course plan around our future requirements but the opportunity for us to think about new companies, new industries, the community, what's the best way to utilise the surplus assets that we have going forward," Vassella said.

"This is such a significant opportunity for the Illawarra but also for our country," he said.

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Vassella said any investment options the business considers from the master plan study will sit alongside BlueScope's feasibility planning to secure steelmaking at Port Kembla by relining the No. 6 Blast Furnace with over $100 million in environmental improvements to 'build a bridge' to transition to low emissions steelmaking as per its goal of net zero by 2050.

"The surplus acreage we want to explore is coastal land, with existing road, rail and energy infrastructure.

"It's a very exciting, indeed, transformational opportunity for the Illawarra," Vassella said.

"This project could unlock a wide range of new uses and enable significant long-term economic and social value for the whole Illawarra," he said.

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The master plan project is expected to take 18 months.

Images: BlueScope