BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits
Green Car Congress
DECEMBER 1, 2021
Converting a significant portion of the fleet to hydrogen would require more DRI plants and more electric furnaces. But continuing to build new coal-fired plants will leave producers with only bad options toward a net-zero future by 2050. Blast furnace production would fall to 18% of capacity in this scenario.
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