Meeting shipping’s demand for e-fuels could require 1TW of hydrogen production capacity and 2TW of renewable energy generation by 2050, according to the Global Maritime Forum.
“The purpose of climate policy we believe should be to enable and incentivise the steel industry to transition to lower-carbon technologies,” an ArcelorMittal spokesperson said.
Chile aims to introduce hydrogen production technology into high schools as part of its new Green Hydrogen Action Plan.
The SteelWatch report said recent “backtracking” by ArcelorMittal suggested the company will continue to use fossil gas instead of hydrogen and/or delay various DRI projects, something ArcelorMittal has denied to H2 View.
Brazilian state-owned oil and gas firm Petrobras is investing $4m to research natural hydrogen extraction.
