If necessary, more funding for the steel industry under the hydrogen mission: R. K. Singh
Business Standard
India
29-01-2024
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On Wednesday, Union Minister R K Singh gave stakeholders the assurance that, should it be necessary, more money would be set aside for the National Green Hydrogen Mission to decarbonise the steel industry.
According to an official release, Singh presided over a gathering of industry and government representatives involved in the iron and steel sector to talk about pilot projects related to the mission.
Participants in the discussions included representatives from the iron and steel industry as well as officials from the Ministries of New and Renewable Energy and Steel.
The Union Power and New & Renewable Energy Minister stated that the technology for integrating hydrogen into steel production should be developed using the money made available by the mission.
In the steel industry, some producers have already started experimenting with green hydrogen. The purpose of this discussion is to determine the best ways to allocate monies in order to expedite this transition, while simultaneously addressing any necessary technological gaps through an open and transparent selection process," he continued.