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Green Hydrogen - not carbon capture - is the key to beating growing global competition

November 16, 2023
Soroush Basirat and Simon Nicholas
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Key Findings

The Middle East and North Africa (MENA) region is well equipped to produce cheap green hydrogen due to its excellent solar resources, but exports look inefficient and expensive.

MENA should instead prioritise using green hydrogen domestically to become a global leader in the emerging green iron trade, where it already enjoys a significant advantage due to its established use of direct reduced iron (DRI) technology.

The poor record of Carbon Capture, Utilisation & Storage (CCUS) means it - and consequently blue hydrogen - is not an alternative to green hydrogen.

As the global steel sector decarbonises, the MENA region is well placed geographically to supply the key and emerging markets for green iron and steel.

Soroush Basirat

Soroush Basirat is an Energy Finance Analyst with IEEFA Australia, examining the global steel sector with particular focus on green technology transition and the opportunities and barriers for different nations and companies.

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Simon Nicholas

Simon Nicholas is IEEFA’s Lead Analyst for the global steel sector, as well as Asian seaborne thermal and coking coal markets.

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