BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits
Green Car Congress
DECEMBER 1, 2021
Hydrogen and recycling are likely to play a central role in reducing emissions from steel production. By 2050, green hydrogen could be the cheapest production method for steel and capture 31% of the market. Converting a significant portion of the fleet to hydrogen would require more DRI plants and more electric furnaces.
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