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Mordashov estimated the transition of Russian metallurgy to hydrogen at 10 trillion rubles
12/28/2021
The owner of Severstal, Alexei Mordashov, estimated the transition of the Russian ferrous metallurgy to carbon-free production at 10 trillion rubles. In addition, it will require the creation of 110 GW of green energy, he noted.
In the green transition, hydrogen will play a critical role. By 2050, the EU expects that hydrogen will account for 10 to 24% of total energy consumption. While electric cars are projected to dominate the passenger car industry, hydrogen is predicted to play a significant part in the greening of freight transportation.
