Green Iron Corridors: A New Way to Transform the Steel Business
By rethinking the ironmaking process around the world, we can bring clean steel one step closer.
Making Green Iron Corridors a Reality
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According to the latest IEA 1.5C scenario, over a third of primary steel making will need to be produced through hydrogen reduction in 2050. Globally, steel supply chains are dependent on key regions that supply iron ore. When these iron ore reserves are co-located with optimal renewable energy resources, a higher value green hydrogen-based iron product can be produced. This presents the opportunity to decouple the traditional iron and steelmaking processes, with steelmaking remaining in regions with strong manufacturing, and production of green iron taking place in regions with lower cost & low emissions hydrogen.
This session at COP29 in Baku, Azerbaijan, will explore the emerging trade dynamics for Green Iron Corridors, bringing together key public and private actors from import and export regions to provide a platform for partnership towards decarbonizing the iron and steel sector. RMI’s Thomas Koch Blank will be speaking alongside representatives from government and private industry.
Resources
Green Iron Corridors: Transforming the Steel Supply Chains for a Sustainable Future
To reduce emissions while still meeting increasing global demand, we must shift our approach to making and trading iron and steel.
