BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits
Green Car Congress
DECEMBER 1, 2021
The next ten years could see a massive expansion of steel capacity to meet demand in growing economies, such as India. South Africa and India have good iron ore reserves and the potential to produce a large amount of low-cost clean power. The steel industry cannot afford to wait for the 2040s to start its transition.
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