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BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

Green Car Congress

Steel production could be made with almost no carbon emissions through $278 billion of extra investment by 2050, according to a new report from research firm BloombergNEF (BNEF). Hydrogen and recycling are likely to play a central role in reducing emissions from steel production. Today’s new plants are tomorrow’s retrofits.

Hydrogen 221
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Renewables to overtake coal as largest global electricity source in 2025

Teslarati

While more effort is needed to reach that goal, one energy organization has predicted that renewables will overtake coal generation as the world’s largest electricity source in early 2025. The post Renewables to overtake coal as largest global electricity source in 2025 appeared first on TESLARATI. In the U.S.,

Coal 133
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Glencore buying in to Hydro Alunorte alumina refinery, MRN bauxite mining in Brazil

Green Car Congress

MRN has annual production capacity of c. MRN started production in 1979. We look forward to becoming partners with Glencore, and their broad industrial experience within metals and mining, to further develop Alunorte. Alunorte alumina refinery has an annual nameplate capacity of 6.3 million metric tons of bauxite.

Brazil 293
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H2 Green Steel partners with Rio Tinto and Vale on direct reduction iron ore pellets and hot briquetted iron

Green Car Congress

Rio Tinto and H2 Green Steel , an industrial startup establishing large scale production of green steel, have signed a multi-year supply agreement for high-grade direct reduction iron ore (DRI) pellets from Rio Tinto’s Iron Ore Company of Canada (IOC) operations. Earlier post.)

Green 150
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SGH2 building largest green hydrogen production facility in California; gasification of waste into H2

Green Car Congress

Energy company SGH2 is bringing the world’s biggest green hydrogen production facility to Lancaster, California. The City of Lancaster will host and co-own the green hydrogen production facility, according to a recent memorandum of understanding. Hydrogen can also reduce and potentially replace natural gas in all applications.

Waste 448
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Vale joins Boston Metal Series B; developing MOE for emissions-free steel

Green Car Congress

Boston Metal, an MIT spin-off working to commercialize molten oxide electrolysis (MOE) for emissions-free metals and alloys production, announced that Vale and Energy Impact Partners have joined its Series B fundraising, closely following a $50M close announced in January. Background. Earlier post.)

Boston 243
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BNEF report finds hydrogen promising decarbonization pathway, but carbon prices and emissions policies required

Green Car Congress

Hydrogen Economy Outlook , a new and independent global study from research firm BloombergNEF (BNEF), finds that clean hydrogen could be deployed in the decades to come to cut up to 34% of global greenhouse gas emissions from fossil fuels and industry at a manageable cost. The clean hydrogen industry is currently tiny and costs are high.

Hydrogen 221