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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.

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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.

He envisions a bright future for hydrogen as a member of the Gasunie Board of Directors and a key participant in several forums discussing the long-term sustainability of gas usage. When will we notice this in our nation, and how will we notice it?

This fund will be used to build the necessary energy infrastructure, implement green industrial policies, and improve the sustainability of mobility and the built environment.

Due to the indecision among its leaders, the European Union has been delaying for months the delivery of a list of energy sources that it considers sustainable.