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MENA can be a New Hub for Green Steel & Green Iron Metallics

During the COP27 climate summit, host country Egypt signed eight agreements to develop greenhydrogen. Among the announcements, one of the largest was an agreement with Fortescue Future Industries to build 7.6GW of renewable energy, which has the potential to produce 330 kilo-tonnes of green hydrogen annually. Green hydrogen is just one of the materials required for the transition towards green steel. Others include low-emission iron-containing materials (metallic charges) such as scrap steel and green hydrogen-based direct reduced iron (DRI) and hot briquetted iron (HBI). These essential raw materials and abundant sources of renewable energy are not available worldwide. The

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