Featured in Further upstream – 10-2024

UP: Forged by nature

Emissions from steel production each year equal those of a major developed economy. Yet steel is a crucial material to support the energy transition, among its many other applications – making its supply essential. Enter green steel, the production of which interrelates with solar, wind, and green hydrogen in intriguing ways.

By

Jonathan Gifford

05 Nov 2024

“The more mature pathway for producing green iron uses ultra-high grade iron ore … therefore Australia faces competition from higher grade iron ore produced in other parts of the world” – Dino Otranto, Fortescue Metals. | Photo: Fortescue

As it did with lithium-ion batteries, the automotive sector looks set to become a demand driver and transformational force for a crucial aspect of the global energy transition. Carmakers are emerging as the first large-scale purchasers of green steel. With the automotive industry responsible for 12% of global steel demand, according to the World Steel …

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