Green Hydrogen’s Role in Decarbonizing the Future of Steel Production

Synopsis

• Delving into how the transition from coal to hydrogen might reshape the global steel industry, with an opportunity to eliminate the 9% of global emissions steel is responsible for.
• Highlighting the challenges and advancements in producing green steel at scale, with a need for a 20% increase in electricity production for full steel industry decarbonization.
• Discussing the cost implications of transitioning to hydrogen, with the potential for steel prices to align with conventional methods by 2030 due to decreasing green hydrogen costs.