Ukraine’s Green Recovery To Kick Global Decarbonization Into High Gear
The accelerating market for green hydrogen provides another green recovery pathway for steelmaking. Back in 2021, a startup calledannounced ambitious plans for deploying renewable energy in a a massive electrolyzer system to produce green hydrogen at scale, which would be used to convert iron ore into sponge iron without the need for fossil inputs.
The firm is moving forward with plans to construct a green steel plant in Sweden. Cargill and Mercedes-Benz are among those already signed up for first dibs on the product when it’s ready to roll. The independent Ukrainian organization Razom We Stand has also weighed in on postwar energy planning, with an eye on decarbonizing the global economy.
In support of the investor-attracting mission of the conference, Razom We Stand also released a report on Ukraine’s renewable energy resources, with particular attention to the decarbonization assist that its“Ukraine possesses the remarkable potential to generate 30% of Europe’s biomethane and enjoys highly favorable conditions for the advancement of solar and wind energy,” emphasized Oleh Savytskyi, Campaign Manager at Razom We Stand.
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