IEEFA: MENA Producers Already Have the Tools to Lower CO2 Emissions
08/15/2024 - Steel producers in the Middle East and North Africa (MENA) could reduce their CO2 emissions by adopting a shorter-term strategy that combines intermittent hydrogen production and the partial substitution of natural gas in the direct reduction process, the Institute for Energy Economics and Financial Analysis argues in a new paper.
According to the Ohio-based policy think tank, MENA producers have a built-in advantage, given the prevalence of gas-based direct reduction technology. And since the two major global providers of gas-based DRI technologies have made it clear that hydrogen injection is feasible, the plants have an opportunity to establish a value chain that paves the way for truly green iron production in the region, the IEEFA said.
“A gradual transition for steelmakers already operating gas-based DRI technology seems like a promising solution. The gradual substitution approach will facilitate better risk management for investors and enable steelmakers to adopt new technology more effectively,” it said.
“A gradual transition for steelmakers already operating gas-based DRI technology seems like a promising solution. The gradual substitution approach will facilitate better risk management for investors and enable steelmakers to adopt new technology more effectively,” it said.
