BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits
Green Car Congress
DECEMBER 1, 2021
Another 45% could come from recycled material, and the rest from a combination of older, coal-fired plants fitted with carbon capture systems and innovative processes using electricity to refine iron ore into iron and steel. Converting a significant portion of the fleet to hydrogen would require more DRI plants and more electric furnaces.
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