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UNITED KINGDOM

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

The Carbon Border Adjustment Mechanism (CBAM) starts entering into effect on the Oct 1, 2023

The European Union's Carbon Border Adjustment Mechanism (CBAM) starts entering into effect on October 1, 2023.This new tool seeks to…

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The Green Ammonia case

Ammonia, an important feedstock to our economy as it is the 2nd most produced chemical by mass, after sulphuric acid…

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Port Decarbonisation – A Case Study for hydrogen

The global maritime sector is set to grow threefold by 2050 and is already responsible for 3% of the global…

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EU Renewable Hydrogen Tear sheets

2023 has been a pivotal year for renewable hydrogen in the EU with the definition of "renewable hydrogen" (RFNBO), adoption…

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EU renewable hydrogen producers to receive free EU carbon credits starting 2025

EU renewable hydrogen producers will receive free EU carbon credits starting in 2025. This important regulatory move by the EU…

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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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