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Government to Allocate Additional Funds for Decarbonisation of Steel Sector Using Green Hydrogen
Union Minister R K Singh has assured stakeholders that additional funds will be allocated for the decarbonisation of the steel sector under the National Green Hydrogen Mission, if necessary. In a meeting with government officials and industry representatives from the iron and steel sector, Singh discussed pilot projects under the mission and emphasized the importance of using green hydrogen in steel making to reduce carbon emissions.
Singh highlighted that some manufacturers have already started experimenting with green hydrogen in the steel sector and expressed the need to accelerate this transition. He suggested that the available funds should be used to develop technology for integrating hydrogen in steel making. The minister also assured stakeholders that additional funds can be allocated, in addition to the Rs 455 crore already allocated for the steel sector under the National Green Hydrogen Mission.
During the meeting, industry representatives shared their concerns about the challenges they face in conducting trials, and the possibility of executing projects by a consortium was also discussed. Singh urged all efforts to be made in identifying the right technology and pathways for decarbonising the steel sector.
The minister reiterated the government’s focus on energy transition and its significance for the iron and steel sector. He stressed that the use of green hydrogen in steel making can help in decarbonising the sector and reducing carbon content. Singh also highlighted the importance of energy transition for the sector’s competitiveness, particularly in the face of trade barriers imposed by developed countries.
The government’s commitment to supporting the decarbonisation of the steel sector through the use of green hydrogen is aimed at achieving a greener and more sustainable future for the industry.
The Indian government is ready to provide additional funds to the steel sector as part of the Hydrogen Mission, according to R K Singh, the Minister of Power and New and Renewable Energy. The aim is to support the industry in its transition to hydrogen-based production, which is considered more environmentally friendly. This move highlights the government’s commitment to promoting clean energy and sustainable practices in the steel sector.
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