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

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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). 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.

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OSU team demonstrates Coal-Direct Chemical Looping for more efficient and low carbon coal heat release

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An Ohio State University team has demonstrated the successful operation of Coal-Direct Chemical Looping (CDCL)—which chemically harnesses coal’s energy and efficiently contains the carbon dioxide produced before it can be released into the atmosphere. Hot iron and coal ash are left behind. 2 millimeters across.

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

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The falling cost of making hydrogen from wind and solar power offers a promising route to cutting emissions in some of the most fossil-fuel-dependent sectors of the economy, such as steel, heavy-duty vehicles, shipping and cement, according to a new report from BloombergNEF (BNEF). Abatement cost with hydrogen at $1/kg (7.4/MMBtu).

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BloombergNEF forecasts green hydrogen should be cheaper than natural gas by 2050 in some markets; falling costs of solar PV key

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In a new piece of research, BloombergNEF (BNEF) finds that the levelized cost of hydrogen (LCOH 2 ) made from renewable electricity is set to fall faster than it previously estimated. These costs are 13% lower than BNEF’s previous 2030 forecast and 17% lower than its old 2050 forecast. This is how it goes with clean energy.

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DOE awarding $6.5M to 9 large-scale Phase I pilot coal projects

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This FOA, issued in August 2017, is a $50-million funding opportunity for projects supporting cost-shared research and development to design, construct, and operate two large-scale pilots to demonstrate transformational coal technologies. Some of these technologies are now ready to proceed to the large-scale pilot stage of development.

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BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

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However, the resulting low gas prices, as well as clean air and climate policies, will promote further switching to gas from other more polluting energy sources, such as oil and coal. The report shows that medium-term growth will come from increasing cost-competitiveness and increased global access to gas. Low-carbon gas.

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Steelmaker ArcelorMittal Europe targets 30% cut in carbon emissions by 30% by 2030

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The target for ArcelorMittal Europe – Flat Products is in line with an ambition announced in May to be carbon neutral in Europe by 2050. Fossil fuel carbon capture and storage, where the current method of steel production is maintained but the carbon is then captured and stored or re-used rather than emitted into the atmosphere.

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