European consortium bets big on hydrogen produced green steel
"On Thursday (June 30), a consortium with its sights set on leading the market for green iron and steel from hydrogen was announced, with plans to mobilise€2.2bn ($2.3bn)of investment. GravitHy, composed of EIT InnoEnergy, Engie New Ventures, Plug, FORVIA, GROUPE IDEC, plans to support the demand for zero-carbon steel, by using green hydrogen to produce two million tonnes of direct reduced iron (DRI) annually from 2027"
DRI = High grade ore = Magnetite = Razorback = #winning.
Understanding the demand for Green Steel, page-69
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