A question of demand – hydrogen and renewable electricity for the EU steel and iron transition
The steel industry is responsible for around 5% of CO2 emissions in the EU and the sector needs to cut carbon emissions by 55% by 2030 to align with climate targets. A new report based on an analysis of announced green steel projects, which would account for one third of current EU steel production, shows that green steel could need 19% of the total EU policy target for domestic renewable hydrogen production. The report also shows that: · The 19% of the total EU policy target for domestic renewable hydrogen production needed for green steel is equal to 1.7 million tonnes