Hydrogen DRI

“And so they have pledged three billion euros of support to these two German companies a combination of both capital support and hydrogen subsidies for them to do commercial scale hydrogen DRI projects.”

“Now maybe we can claim that there are six, kind of, Serious, large-scale hydrogen DRI projects that are underdeveloped development, underdevelopment development around the world. There's two in Sweden, two in Germany, and two in the U.S.”

“I have talked to at least dozens of people in the steel industry over the years, and I've literally never heard anybody be like, I don't think hydrogen DRI is going to work. Everybody believes it will work.”