Multiple producers have faced that tough choice in recent months.

Europe is also bringing legislation that offers incentives for the use of green hydrogen, he said.

“Parties are still engaging,” Transnet spokeswoman Ayanda Shezi said in a reply to questions.

SATAWU calls off Transnet strike, members to return to work on Thursday

Down 2.1 Percent YTD in 2022 from Same Period in 2021.

Fortescue Chairman Andrew Forrest, Australia’s richest person, launched FFI in 2020 with an ambitious goal to produce 15 million tons of green hydrogen by 2030.

US domestic raw steel production was 1,688,000 net tons while the capability utilization rate was 75.7 percent.

Singh did not specify the shape that the PLI schemes would take, with incentives varying between the 14 sectors for which they have been introduced.