MGT 5.66% 25.0¢ magnetite mines limited.

Understanding the demand for Green Steel, page-102

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    Tata Steel Invests 65 Million Euro In Next Phase Hydrogen Route

    Tata Steel invests 65 million euro in next phase hydrogen route – India Education | Latest Education News | Global Educational News | Recent Educational News (indiaeducationdiary.in)

    "Tata Steel Nederland has signed contracts with three companies –McDermott, Danieli and Hatch – for the further technical preparations of the hydrogen route in Ijmuiden in The Netherlands. he overall project is led by the Tata Steel internal project and sustainability team, in close support of the main delivery partners. McDermott is responsible for the construction input and support of the technical project management. Danieli is responsible for the engineering design for the plant and technology that delivers the Direct Reduced Iron (DRI), the 1st step in theiron making process. Hatch is the technology licensor of the electric furnaces (REF) that melt the DRI and help to reduce the oxygen content further thereby improving the final steel quality.The REF and DRI plant are closely coupled to form an integrated production system Climate neutral before 2045

    “We recently signed agreements about our future with two ministries and the province of North Holland. In doing so, we have committed to being CO2 neutral before 2045 and emit between35 to 40% less CO2 before 2030. This will primarily be achieved via the hydrogen route wherethe blast furnaces are replaced with modern clean steel making technology that uses hydrogenor gas instead of coal”, explains Hans van den Berg, CEO of Tata Steel Nederland.Unique operation on the Tata Steel site

    I dont see any Submerged Arc Furnace (SAF) which allows the use of low magnetite here.. Looks like they've tied themselves to magnetite to reach their climate goals before 2030.

 
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