Hydrogen advances mean green steel on the horizon
Steelmakers have been successfully operating hydrogen-based pilot projects in the hard-to-abate sector and expect decarbonised steel to be on the market by mid-decade
Numerous leading steelmakers have pledged in recent months to reduce their carbon emissions to net-zero by 2050 or sooner. This is despite steelmaking being one of the toughest industries to decarbonise and contributing 7-9pc to global emissions. The list includes Arcelormittal, the world’s largest steel manufacturer, and Thyssenkrupp, Nippon Steel and Posco, the largest steel manufacturers in Germany, Japan and South Korea respectively. About three-quarters of global steel is manufactured in blast oxygen furnaces (BOF), requiring temperatures of 1,200°C and generally using coal. BOF-manufactured steel accounts for 90pc of industry emissions on a global basis. “The transformation to
Also in this section
28 March 2024
Investment landscape is firming up in North African country with potential to become one of the world’s major exporters
22 March 2024
German energy firm and Canada-based Pattern Energy aim to ship green ammonia to Hamburg in latest move to secure imports to Europe’s largest economy
22 March 2024
French company prepares for commercial launch of underground storage system to be deployed at green hydrogen production and consumption sites
21 March 2024
Region has competitive edge in low-carbon hydrogen, but infrastructure and export challenges are key roadblocks to overcome