President Moon: "We will unite national strength to grow the hydrogen industry, the '21st-century oil'"

Hydrogen Reduction Steelmaking 2021 Forum Video Congratulatory Address... "Steel Industry Must Drastically Reduce Greenhouse Gases for Sustainable Development"

[Asia Economy Reporter Ryu Jeong-min] President Moon Jae-in stated in a video congratulatory message at the 'Hydrogen-based Ironmaking (HyIS) 2021 Forum' held on the 6th at the Grand Intercontinental Seoul Parnas Hotel in Seoul, "We will unite our national efforts to grow the hydrogen industry, the oil of the carbon-free 21st century," and emphasized, "To achieve hydrogen-based ironmaking, hydrogen production must be drastically expanded."

President Moon said, "Only by significantly reducing the greenhouse gases emitted during steel production can the steel industry achieve sustainable development," he said.

President Moon explained, "Iron is an irreplaceable resource in all manufacturing industries and every aspect of our lives today. Iron has strong durability and is recyclable, making it an eco-friendly and sustainable resource," adding, "However, there is one thing: for the sake of the current and future global environment, a change is required from the carbon-based ironmaking technology that has continued unchanged for the past 3,000 years."

President Moon stated, "The reason we focus on the ‘hydrogen-based ironmaking technology’ that extracts iron using hydrogen instead of coal," and explained, "Developing and commercializing this technology, which is currently at the basic laboratory stage, is a very challenging task that must be transitioned to low-carbon technology as soon as possible, and it is a task that can only be accomplished through global collaboration."

President Moon said, "Korea is promoting a major transition to a low-carbon economy and hydrogen economy to achieve carbon neutrality by 2050," and added, "By 2050, we will convert 100% of gray hydrogen to blue and green hydrogen for clean hydrogen, and drastically increase the production of green hydrogen."

President Moon conveyed that the Korean industrial sector is taking the lead in seeking cooperation across all fields of the hydrogen economy.

President Moon stated, "Korea, where the steel industry holds a significant share, will take action first and cooperate with the world," and said, "We will also overcome the new challenge of carbon neutrality by joining hands beyond borders."

President Moon added, "If the global steel industry securely lays the foundation for a carbon-neutral society, humanity’s steps toward carbon neutrality will become much lighter," and expressed hope that "through today’s ‘HyIS Forum,’ the solidarity and cooperation among global steel industry members will be further strengthened, and steel produced without carbon emissions will become the cornerstone of a new human civilization."

This content was produced with the assistance of AI translation services.