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Nippon Steel sizes up hurdles in quest for net-zero CO2 emissions

Company to invest in hydrogen tech as it chases 2050 goal, president says

Nippon Steel President Eiji Hashimoto: "Infrastructure capable of providing a large volume of hydrogen at a low cost cannot be developed without the help of the government."

TOKYO -- Nippon Steel, Japan's largest steelmaker, will strive to replace coal-fired furnaces with hydrogen technology as it chases its goal of carbon-free steelmaking, company President Eiji Hashimoto told Nikkei. This is in line with Prime Minister Yoshihide Suga's goal of cutting greenhouse gas emissions to zero on a net basis by 2050 and with U.S. President-elect Joe Biden's designs on protecting the environment.

Hashimoto also stressed that government support will be crucial if Japan is to compete with the U.S. and China in 21st-century steelmaking.

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