ArcelorMittal has said that integrating green hydrogen-based direct reduced iron (DRI) steelmaking and carbon capture, utilisation and storage (CCUS) technologies is unlikely to be economically viable before 2030.
In the steel major’s 2024 Sustainability Report, ArcelorMittal’s CEO, Aditya Mittal, admitted that the large-scale transformation of steelmaking through these technologies won’t happen soon due to the high capital and operational costs associated.
Progress in the next five years will hinge on how quickly and effectively governments, especially in Europe, put supportive measures in place, according to the CEO.
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