For steel sector, China’s decarbonization is a costly quest

Capt. John

China’s lofty ambitions to hit peak carbon emission by 2030 and achieve carbon neutrality by 2060 have pushed major Chinese steelmakers to chart a greener route to production as they increasingly become interested in developing direct reduced iron, or DRI, plants using hydrogen and natural gas. But rising decarbonization costs and the expected dominance of …

The post For steel sector, China’s decarbonization is a costly quest first appeared on Hellenic Shipping News Worldwide.

Author: Capt....

https://www.hellenicshippingnews.com/for-steel-sector-chinas-decarbonization-is-a-costly-quest/

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