On Aug. 24, the Ministry of Economy, Trade and Industry announced that it will allocate a maximum of 193.5 billion yen from the government’s 2-trillion-yen fund established to develop carbon-free technology for the purpose of enabling the practical use of hydrogen, which emits no carbon dioxide, in steel manufacturing. The fund will be provided over a period of ten years.
The New Energy and Industrial Technology Development Organization (NEDO) will issue a public invitation to utilities to conduct relevant research and development. Separate research by the steel industry that aims to extract iron using the chemical interaction between iron ore and hydrogen has been stalled due to technical difficulties.
The ministry also decided to allocate a maximum of 68.8 billion yen for developing power-generating technology that uses ammonium instead of coal. Currently, the power industry is undertaking development of technology that utilizes hydrogen and ammonium that are carbon-free to fuel thermal power generation.