FMG 0.49% $22.48 fortescue ltd

Forest is No Hero, page-10

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    The Hydrogen Economy has been "just around the corner" for at least 40 years. It has made very little progress because hydrogen is extremely difficult and expensive to produce, store and transport. Nothing will ever change the laws of physics to make it significantly easier.

    There is no genuine push into renewables by the steel industry. it is just cynical corporate greenwashing. Like all green scams it is set 10-30 years in the future so only a token effort effort has to be made and nobody is ever accountable.

    Any real world (not academic) metallurgist will tell you mass producing steel using hydrogen is total BS. Making a few kilos of sponge iron in a lab with hydrogen is just a gimmick to attract favourable press.


 
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