With decarbonization becoming a global trend, Nippon Steel, the largest steel company, has officially announced its goal of reducing carbon dioxide emissions to virtually zero by 2050.
The company says that it will invest up to 5 trillion yen to achieve its target, including accelerating research on completely new steelmaking technology that uses hydrogen instead of coal.
In its new management plan announced on the 5th, Nippon Steel has announced a goal to reduce carbon dioxide emissions to virtually zero by 2050.
Specifically, we are researching and developing a technology to produce high-quality iron in an "electric furnace" that uses electricity instead of coal to make iron, and a completely new technology to make iron using hydrogen, and put it into practical use. I will.
The company said that it would invest up to 5 trillion yen to achieve its goal, and that it would need long-term government support such as promoting national projects for cutting-edge technology development.
Eiji Hashimoto president of Nippon Steel in the conference "a challenge to the untrodden of technology, the cost of research and development and capital investment but challenges, want to give the prospect of practical application so as not to lose to the rival of overseas manufacturers," said Said.
The steel industry emits a large amount of carbon dioxide in the process of making steel in a blast furnace using coal, and the amount accounts for about 15% of the whole country, and the response of Nippon Steel, the largest company, has attracted attention.