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The Green Steel case: A deeper dive into the economics of imports into the EU

The global steel industry is set to grow by 36% by 2050 and contributes to 7% of the global GHG emissions . With the current method of production (Blast Furnace and Basic Oxygen Furnace) heavily reliant on coal, there arises the need to step up green steel production via hydrogen based Direct Reduced Iron and Electric Arc Furnaces.
In order to meet green steel demand in the EU, green steel can be produced in-house or imported from renewable rich regions such as the Middle East and North America (MENA). We take a case of imports and inhouse production to see which one is economical while assessing the importance of Carbon Border Adjustment Mechanism (CBAM) to make imports attractive.
Here’s our take at Yamna!

Here are some publications that may interest you

Denmark launches green hydrogen production subsidy tender

Denmark has launched a subsidy tender for green hydrogen production worth €170 million to promote greenfield green hydrogen projects based…

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Ammonia Cracking as the missing link between hydrogen export hubs and European consumers

As European industrials strive to meet the RED III Industry target, which requires 42.5% (or 1.6 million tonnes) of hydrogen…

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What are the Key Enablers for Ammonia Bunkering?

The shipping industry faces an ambitious challenge: reducing emissions by 20% by 2030 (compared to 2008 levels) and achieving net-zero…

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H2Global announces a joint auction between Germany and Australia

Exciting news for clean energy cooperation between Germany and Australia. The two countries will contribute EUR 400 million to a…

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Carbon capture offers imminent decarbonisation to many industries and is also deemed to be a crucial part of our net zero ambitions according to the International Energy Agency. Regarding its use in the hydrogen industry, there are mixed opinions as it can be used to decarbonise the mobility sector (through e-fuels) but can also be used as a tool to sustain emission-heavy projects.
The case of Carbon Capture

Carbon capture offers imminent decarbonisation to many industries and is also deemed to be a crucial part of our net…

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Norway announces competitive bidding process for the use of ammonia in vessels

Norway, through ENOVA, will provide investment support via a competitive bidding process for projects that will use ammonia as fuel…

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