They finally realized that hyped green hydrogen can not replace LNG for electricity base load and unlike LNG the H2 is not economically feasible to store and transport. Green iron using green hydrogen generated onsite using solar panels would be billions of investment and the new steel furnace using H2 instead of coal would be another huge investment, and then the end product the green steel could be too expensive compared to another green tech, the recycled steel produced by melting down scrap steel.
FMG Price at posting:
$18.95 Sentiment: None Disclosure: Not Held
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