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Understanding the demand for Green Steel, page-69

  1. MGT4eva
    1,130 Posts.
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    10/07/22
    19:12
    Post #: 62465377
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    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.
    MGT Price at posting: 2.1¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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