MGT 0.00% 14.0¢ magnetite mines limited.

Nippon Steel to start making low-carbon ingredients for green...

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    Nippon Steel to start making low-carbon ingredients for green steel | Reuters

    https://hotcopper.com.au/data/attachments/4928/4928616-ce64e1f285fb510013f3ff7083fd5c1f.jpg
    "TOKYO (Reuters) - Japan's top steelmaker Nippon Steel Corp aims to join new raw material development projects to make reduced iron, using hydrogen, to meet the growing demand for green steel, its president said on Thursday."

    If you dig a bit deeper you can see that NIPPON STEEL is planning to produce their first Green Steel in 2024 (read below)

    Nippon Steel reveals plans to deliver 'carbon neutral' steel | The Japan Times

    Japan’s biggest steelmaker Nippon Steel Corp. plans to supply carbon neutral steel from the fiscal year starting in 2024, it said on Tuesday.“There is only one way to overcome the unique difficulties that Japan’s steel industry faces. That is to supply carbon neutral steel ahead of our global competitors,” Nippon Steel Corp. president Eiji Hashimoto said. Hashimoto said that the company will initially supply 700,000 metric tons of steel that would not emit carbon dioxide in the manufacturing process, either by shifting to alternative energy sources or by capturing any carbon dioxide that is emitted.“If we make steel with energy that is carbon neutral, then the steel itself is carbon neutral too,” Hashimoto said, without specifying a timeline for when it could be produced at higher quantities."

    Us: Knock knock.
    Nippon Steel: Whos there?
    Us: Em Gee.
    Nippon Steel: Em gee who?
    Us: Em Gee Tee.

 
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