The Western Australian Government is set to invest $148 million across 40 projects in an effort to diversify the state’s economy, including a new alumina pilot plant.
The funding comes as part of the Government’s Investment Attraction Fund (IAF) which aims to find projects in priority sectors across the state that help to create local jobs.
Top of the list for the funding is a new pilot plant to produce high purity alumina for necessary battery cells.
“The (WA) Government is committed to securing the state’s economic prosperity now, and for generations of Western Australians to come,” Premier Roger Cook said.
“Through the Investment Attraction Fund, we’re driving a strong and diversified economy that delivers secure, quality jobs for the future.
FYI Resources will be the developer of the alumina plant, receiving $3 million in funding. The company recently appointed CTE to execute engineering services at the plant.
FYI managing director Roland Hill said the company was pleased with being selected for funding.
“The grant will allow us to continue the development of the HPA (high purity alumina) project and the advanced and innovative technologies,” Hill said.
“FYI has demonstrated the technical viability of the HPA project and is now setting about demonstrating its commercial potential. FYI is at a crucial step in positioning as a sustainable, integrated HPA producer and the IAF funding will contribute significantly to accelerate the project development.”