Centre to support setting up of pilot projects using Green Hydrogen for steel making – EQ Mag
The domestic steel industry has sought financial support
The Centre will aid research and development (R&D) projects to set up pilot plants for the production and utilisation of green hydrogen in the iron and steel making processes, as per the Ministry of Steel.
Under the National Green Hydrogen Mission, Rs 455 crore has been earmarked to support the domestic steel industry towards finding scalable uses of hydrogen based on sustainable practices, which make up for the greater acceptability of green hydrogen.
The move gains ground amidst stringent regulatory regimes around the world which make steel produced in India unviable to an extent due to higher duties imposed by the European countries, where steel manufactured through conventional practices result in higher emissions.
Even as efforts are being made globally to use green hydrogen instead of coal in the direct reduction of iron for steel making. The domestic steel industry has sought financial support to make this transition successful.