That suggests an increasing importance and usage of green energy - energy that is produced with little-to-no environmental impact - amid the country’s decarbonization push.
“The change to the energy structure does not only facilitate the steel sector’s transition to low carbon, but also brings profound changes to the demand structure for steel," Wang Guoqing, research director at the Beijing Lange Steel Information Research Center, told Beijing-based securities newspaper Securities Daily in December.
Steelmakers bet on hydrogen power
“The application of hydrogen energy in steel production is an effective way to transform and upgrade the steel industry to a low-carbon and green industry,” Jin Qinxian, deputy secretary-general of Tsinghua University and dean of the Beijing Tsinghua Industrial Development Research Institute, said at an industry forum in November.
Hydrogen metallurgy is a technology that applies hydrogen instead of carbon as a reduction agent in ironmaking processes; it is zero emission, and...