Green steel at scale “decades away” – BHP

High cost of hydrogen and CCS will hamper uptake by the steel sector, Australian mining group says

Deployment of hydrogen and CCS technology at significant scale in the steel sector is “decades away”, leaving the industry needing to buy carbon credits to meet emission reduction targets, Australian mining group BHP said in its latest economic and commodity outlook. BHP, which is a major supplier of metallurgical coal used in traditional blast furnace steelmaking, said its analysis shows current levels of cost competitiveness and technological readiness will inhibit the uptake of alternative “high-cost abatement levers” such as hydrogen and CCS. “We assess that the emerging technologies that are expected to feature in a low carbon end–state for the industry, such as green hydrogen enabled d