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In Southeast Asia, a strategic approach to renewable hydrogen is emerging as a linchpin for industrial decarbonisation, according to a recent report by Agora Industry and Agora Energiewende.
Carbon capture technology pioneer CarbonFree has finalised an agreement with US Steel to capture and mineralise up to 50,000 metric tonnes of carbon dioxide (CO2) per year, equivalent to emissions produced by nearly 12,000 passenger cars each year.
Canadian financial institutions have financed metallurgical coal, the kind used to make steel, to the tune of $20 billion even as greener alternatives are proven possible. With clean steel set to boom, those investments are at risk.
Data from GlobalData also shows that only 3% of planned steel production facilities plan to use hydrogen technology.
Data from GlobalData also shows that only 3% of planned steel production facilities plan to use hydrogen technology.