Originally Posted by meierlde
Actually there was a move to build an aluminum plant in Iceland. All the geothermal could be used to make electricity which is heavily used in making Al.
Since they have a small population, they could setup a special worker visa and get low cost help from other countries (but pay a fair wage), exploit the energy source, take a slice in taxes, and be the aluminum producer for the world. Obviously they would attract foreign investment to build the plants.
Another item that is energy intensive is the production of hydrogen.
Their GDP is $12.3B. They might be able to double their GDP fairly quickly.