Trillion Dollar Hydrogen Infrastructure for Steel

Key Points

• This analysis focuses on the investment required to decarbonise steel production using hydrogen.
• Cost analysis based on Stegra's figures for hydrogen infrastructure investment.
• Evaluation of multi-industry collaboration potential to reduce costs.
• Identification of top locations for hydrogen-based steel production.
• The world requires an investment of over $1 trillion for hydrogen infrastructure over the next 20 years.
• Multi-industry collaboration could lower costs by 50-90% through shared resources.
• Western Australia, Northern Sweden, and Eastern Canada are positioned as future steel hubs.