Understanding the demand for Green Steel, page-334

Dept allocates $50M for Green Hydrogen & Low-Emissions Steel Tech | Mirage News


The Albanese Government is investing in green hydrogen and low-emissions steel with $50 million in research and development (R&D) funding to help progress these critical new technologies, and further seize opportunities for Australia to become a renewable energy superpower. The Australian Renewable Energy Agency (ARENA) is launching the two $25 million rounds to promote innovation in hydrogen and low-emissions iron and steel.

A further $25 million will go to the Iron and Steel Round for research to significantly reduce emissions across the steel value chain. Australia’s iron and steel industries are critical to our economy now and into the future – research and technology to get emissions down will help the Australian steel industry thrive in a net zero global economy. Minister for Climate Change and Energy Chris Bowen said the government’s support for clean energy R&D was critical to Australia’s energy transformation.“The world’s climate emergency is Australia’s jobs opportunity, and the best way to seize that opportunity is by investing in Australian research and technology and deploying it.

“Australia can and should become a renewable energy superpower, continuing our role as a reliable energy exporter around the world. Developing technology to make, store and use hydrogen is essential, including to tap our potential as a competitive exporter of energy-intensive green metals,” Minister Bowen said."

Yes please. It is all lining up. Policies, investments, market demand, global demand, tick tock, tick tock......