Can recent momentum be maintained to make a meaningful dent in emissions?
It is clear that companies investing in low-carbon production technologies and mastering new processes now will be better positioned to meet future demand for decarbonised steel products. This explains why activity is now ramping up globally.
Masdar and EMSTEEL recently announced the production of the first green steel in the Middle East, in a pilot project in Abu Dhabi using green hydrogen, while thyssenkrupp Steel and Volkswagen Group signed an MoU for the supply of carbon dioxide (CO2) reduced steel from a direct reduction plant that is scheduled to open in 2027 and will be powered by hydrogen and green electricity. The plant will initially be ramped up using natural gas as a reducing agent and will gradually be converted to hydrogen.
H2 Green Steel has rebranded as Stegra to reflect its aim to decarbonise hard-to-abate industries via green hydrogen, such as iron and steel production. Launched in 2021, Stegra previously secured €6.5bn to develop the ‘world’s first’ large-scale green steel plant in Boden, Sweden, with the start of production expected for 2026.
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