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. Commissioning natural gas-fired plants could set producers up to have some of the lowest-cost capacity by retrofitting them to burn hydrogen in the 2030s and 2040s. Today’s new plants are tomorrow’s retrofits.
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