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The green steel firms looking to revive US steelmaking
Start-up firms have pilot plants for making steel with low carbon emissions, but can they scale up?
But the iron and steel industry of global emissions – a huge amount, equivalent to all the world's private cars and vans – and so now a race is on to find greener ways of producing these important metals. For iron-making, some plants could use green hydrogen – made using electricity from 100% renewable sources – says Simon Nicholas, lead steel analyst at the Institute for Energy Economics and Financial Analysis. And, globally, keeping the cost of renewable energy low is important for any firm hoping to electrify industries previously dominated by fossil fuels.
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