Element Zero has secured US$10 million in seed funding from Playground Global to advance its zero-carbon metal production technology in Australia.

Target Information

Element Zero is a green materials platform company based in Perth, Australia, focused on producing zero-carbon iron, steel, and other future-oriented metals. The company has developed an innovative technique to convert metal ores, including iron and nickel, into pure metals with zero carbon emissions. This groundbreaking technology not only minimizes environmental impact but also boasts low energy consumption and the capability to operate with intermittent renewable energy sources. With the seed funding of US$10 million raised, Element Zero intends to enhance its research and development, engineering, and project development teams, alongside scaling up the establishment of its pilot iron plant.

The company's unique processing platform enables it to effectively address the processing of low-grade iron ore, which represents a significant portion of iron ore trade globally. This capability positions Element Zero as a leader in sustainable metal production, reinforcing its commitment to reducing carbon emissions on a global scale.

Industry Overview in Australia

The metal production industry in Australia, especially in terms of iron and steel, is one of the country’s most vital sectors, contributing substantially to both the national economy and global resource supply. Australia is currently the world's largest exporter of iron ore, responsible