Steelmaker Salzgitter expects policymakers to help fund massive decarbonisation project

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German steelmaker Salzgitter has expressed confidence that policymakers will provide the support necessary to realise a large-scale hydrogen project to decarbonise its steelworks, which are responsible for nearly one percent of the country’s total CO2 emissions.

Fuhrmann said the project’s first phase, which would cut the company’s carbon output by one quarter, could be implemented by 2025 at a cost of around 1.2 billion euros. But he added that Salzgitter needs more than just initial financing. He added lower electricity prices are also required, because otherwise the steel will be much more expensive to make….

An excerpt from Clean Energy Wire