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IEEFA: MENA producers can lower CO2 emissions using gas-based DRI technology; hydrogen injection is feasible, paving way for green iron production, says IEEFA

August 15, 2024 (press release) –

According to the Ohio-based policy think tank, MENA producers have a built-in advantage, given the prevalence of gas-based direct reduction technology. And since the two major global providers of gas-based DRI technologies have made it clear that hydrogen injection is feasible, the plants have an opportunity to establish a value chain that paves the way for truly green iron production in the region, the IEEFA said.

“A gradual transition for steelmakers already operating gas-based DRI technology seems like a promising solution. The gradual substitution approach will facilitate better risk management for investors and enable steelmakers to adopt new technology more effectively,” it said.

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