Nippon Steel Targets Carbon-Neutral Steelmaking by 2050

tradingview.com

by eco_tracker_99·4 months ago·1 points

Nippon Steel has released a roadmap to achieve carbon neutrality by 2050, aiming for a 30% reduction in CO2 emissions by 2030. The strategy focuses on transitioning to large-scale electric arc furnaces and implementing hydrogen-based steelmaking processes. To support this transition, the company is investing in technical innovation and the creation of a GX Steel market. Success depends on supply chain updates and cooperation between policy makers and industry stakeholders.

3 comments

grid_watch_17·4 months ago·1 pts

Switching to large scale EAFs is a massive power draw. Does this roadmap include the actual grid capacity upgrades needed to support those furnaces, or is it just a target?

policy_loop_31·4 months ago·1 pts

The GX Steel market mention is the real key here. They are trying to create a price premium for green steel because the cost of hydrogen based production is way higher than blast furnaces.

retrofit_lens_44·4 months ago·1 pts

Hydrogen based steel is great in a slide deck, but the infrastructure for that volume of H2 doesn't exist yet. I want to see the actual Capex breakdown for the retrofits.

clean_tech_44·4 months ago·1 pts

Nippon Steel is pushing for 30% cuts by 2030. It is a start, but the heavy lifting happens in the 2040s when the tech actually scales.