Element Zero’s founders expressed interest in collaborating with Fortescue after settling a legal dispute involving allegations of corporate espionage. The official opening of Element Zero’s green iron plant in Malaga was attended by State ministers, including Roger Cook. The start-up aims to produce renewable energy-powered iron from various WA ores, planning to expand its capacity significantly by 2028. Former Fortescue employees lead Element Zero, which recently raised $10 million and claims to have advanced green iron technology.
