Through the use of hydrogen, worldwide green steel production capacity is forecast to reach 40 million metric tons in 2030. This would translate into a hydrogen demand of four million metric tons. By comparison, as of 2023, there were 63 e-methanol (renewable methanol from hydrogen) projects in the pipeline, with an expected production volume of 6.2 million metric tons by 2027.
| Characteristic | Characteristic |
|---|---|
| Number of e-methanol projects under development as of 2023 | 63 |
| Expected e-methanol production volume by 2027 (in million metric tons) | 6.2 |
| Expected hydrogen demand for e-methanol by 2027 (in million metric tons) | 1.5 |
| Number of hydrogen-powered steelmaking projects announced as of 2023 | 42 |
| Expected renewable steel capacity by 2030 (in million metric tons) | 40 |
| High estimate for hydrogen demand for steelmaking by 2030 (in million metric tons) | 4 |
| Expected renewable ammonia capacity by 2030 (in million metric tons) | 45 |
| Expected low-carbon ammonia capacity by 2030 (in million metric tons) | 20 |
| Expected hydrogen demand for ammonia by 2030 (in million metric tons) | 13 |
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