"It is not economic at the moment to move our pelletizers across to hydrogen as cost-wise hydrogen production remains prohibitive and there are some complexities around that swap from a natural gas to a hydrogen burner," said North. "But that is an evolving situation, and the next five to eight years are likely to make that transition from natural gas to hydrogen competitive."

In the meantime, Ferrexpo is looking at establishing a small pilot hydrogen plant to understand how the fuel can be introduced into its processes."


"When people start to factor in the cost of carbon, the penalties and taxes associated with carbon in their production, there would be a lucrative proposition to rapidly install hydrogen," said North."
https://www.spglobal.com/platts/en/market-insights/podcasts/platts-future-energy/071321-rego-guarantees-of-origin-europe-renewable-carbon-emissions-net-zero-brexit-energy-transition