Steel is made by treating iron ore that is pulled out of the ground. There are three main techniques for making green steel. Green steel techniques are also needed to build on emissions reductions that have already been achieved in the sector. Analysts say there is urgency for all green steel techniques, particularly with demand rising in Asia and Africa. Sweden’s H2 Green Steel, the largest startup in the sector, has seen customers such as BMW and Porsche willing to pay a roughly 25% premium for its product made with hydrogen over conventional steel, Chief Executive Henrik Henriksson said.

Source: Wall Street Journal June 10, 2024 19:04 UTC