PhilGibbs7777 t1_j5oobfo wrote
Can sell it as green steel at a premium. Companies will buy it so they can sell their products as green. The rest of the world will catch up. No use waiting for international agreement.
Sculptasquad t1_j5ph9jy wrote
Yeah cause heavy industry loves paying premium for no monetary benefit...
This is why the Swedish government is currently out hundreds of millions of dollars in wasted investments in HYBRIT - a project where the government-owned steel mills are going to transition from burning coke to using wind-sourced hydrogen.
The main issue is that the annual hydrogen production is estimated to require KW hours equivalent to the annual usage of all of Finland.
A separate issue is that there is no demand on the market for more expensive steel that has no added benefit, aside from being "green".
For the low down on the scam of carbon of-setting
Pulptastic t1_j5r2o7v wrote
SSAB is already dabbling in this. They've done proof of concept carbon free steel reduced via solar hydrogen, melted in electric arc furnaces, and heated electrically all on renewable power. They had to ship it to various places to achieve this but it is possible to do this at a single place.
Sculptasquad t1_j5tund2 wrote
And how marketable is it?
I do not doubt that it is possible to produce green steel, but how much more expensive does it become and how does this affect the competitiveness of the product?
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