The Superpower Institute welcomes significant announcements in WA’s 2026-27 budget which will underpin development of new green industries. Western Australia is in a strong economic position and is future-proofing the State’s economic future through measures including:
- An additional $10 million, totalling $85 million, supporting the development of the green iron and steel industry, the Green Iron and Steel Action Plan and confirmation of the NeoSmelt pilot project.
- $1.4 billion Investment in transmission projects to both increase grid capacity and connect industrial centres, which have long been a bottleneck to the energy transition.
- State-wide investments in industrial land activation and increased funding to the Office of Coordinator General, to get WA projects moving.
- Continued support of manufacturing energy efficiency through the Made in WA program.
- $16 million for the Minerals Research Institute of WA to implement and administer a clean energy and emissions research program.
Jessica Shaw, WA Program Director of the Superpower Institute said:
“The budget is wisely investing in the future economic strength of WA by focusing on energy investments that will support green industry, building a new diversified industrial foundation. This will help establish WA as a trusted supplier of stable, sovereign, clean energy, through products like green iron.”
Baethan Mullen, CEO of the Superpower Institute said:
“The Superpower Institute’s research shows that Australia could generate up to $400 billion through annual exports of green iron - most of that generated in WA. This budget has doubled-down on that potential and is a key sign to the market that this opportunity is in WA’s future.”
