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🔹 Australia invests in hydrogen-based green steel tech.
🔹 Move to cut industrial emissions and enhance competitiveness.
🔹 Global steelmakers, including India, could benefit from similar innovations.
Australia is taking significant steps to support the development of new technologies for the green steel industry. The government has announced funding initiatives to accelerate the adoption of hydrogen-based steelmaking and other low-emission production methods.
This move aligns with global efforts to reduce carbon footprints in the steel sector, which is a major contributor to industrial emissions. Australia, a key supplier of iron ore, aims to position itself as a leader in sustainable steel manufacturing by promoting research and development in cleaner production technologies.
The investment in green steel technology is expected to reduce dependence on traditional coal-based processes, ensuring a more sustainable future for the industry. Analysts believe this initiative will also strengthen Australia’s global competitiveness, as countries worldwide push for stricter carbon reduction targets.
Industry experts suggest that similar measures could benefit India’s steel sector, where green steel adoption is still in the early stages. With rising global demand for sustainable materials, collaboration between major steel-producing nations could drive innovation and accelerate the transition to cleaner steel production.
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