Michael Rion, Chief Commercial Officer at Emsteel, delivered an impactful presentation on “Decoupling Ironmaking from Steelmaking” at the Fastmarkets International Iron Ore & Green Steel Summit 2024 in Vienna. He highlighted Emirates Steel Arkan’s pioneering decarbonization efforts, being the first steel company to capture CO2 emissions and the first in the MENA region to use green hydrogen for green steel production.

Michael stressed the importance of cost-effective large-scale H2 generation for achieving net zero carbon. He highlighted that green hydrogen is expected to be cheaper in MENA due to lower renewable electricity costs. He also introduced the Low Carbon Emissions Iron and Steel Hub Project in Abu Dhabi, which aims to help steel mills decarbonize by importing green HBI.

This project is expected to be one of the biggest manufacturing investments in the UAE, supporting a global supply chain for a true green steel transition.