In March 2021, Nippon Steel Corporation announced to achieve carbon neutrality with the use of the three breakthrough technologies: “high-grade steel production in large-sized electric arc furnaces,” “production of direct reduced iron using hydrogen, ” and “hydrogen injection into blast furnaces.” With regard to its investment in “the conversion from the blast furnace steelmaking process to the electric arc furnace steelmaking process” (“the Investment”), Nippon Steel was selected for the “2025-2029 Energy and Manufacturing Process Transformation Support Business (Business I(Steel))” based on the Green Transformation (GX) Promotion Act, and as such has made the decision to carry out the Investment.
Photo of Nippon Steel
More details in press release https://tinyurl.com/h8ddt7p9
