The Ohio River Valley Institute will host an April 17 webinar on “Green Steel in the Ohio River Valley: The Timing is Right for the Rebirth of a Clean, Green Steel Industry” from 1:30 to 2:30 p.m.
The Institute will release a new report that analyzes US Steel’s Mon Valley Works in southwestern Pennsylvania as a model for transitioning from traditional, energy- and carbon-intensive BF-BOF (blast furnace-basic oxygen furnace) steelmaking to fossil fuel-free DRI-EAF (direct reduced iron-electric arc furnace) steelmaking.
This first-of-its-kind report on the economic potential of “green” steelmaking. Transitioning to fossil fuel-free steelmaking could supercharge job growth, curb climate-warming emissions, and improve quality of life across the Ohio River Valley, our research shows.
With billions of dollars in federal funding on the table, the region is uniquely positioned to lead an emerging green manufacturing industry with great economic potential.
Key findings from the report:
-- A transition to fossil fuel-free steelmaking could grow total jobs supported by steelmaking in the region by 27% to 43% by 2031. Jobs supported by traditional steelmaking are expected to fall by 30% in the same period, data show.
-- Transitioning to fossil fuel-free steelmaking will cut Pennsylvania’s industrial sector emissions by 4 million CO2e per year, improving quality of life and saving the state $380 million in health, community, and environmental costs.
-- The Ohio River Valley is uniquely positioned to become a decarbonized industrial hub. A skilled workforce with applicable manufacturing experience, ready access to water and iron ore, and high potential for solar, wind, and green hydrogen development situate the region to lead a growing green manufacturing industry.
-- Billions in federal funding outlined in the Bipartisan Infrastructure Law, the Inflation Reduction Act, and the CHIPS and Science Act will boost demand for American-made steel while supporting worker retraining programs, hydrogen infrastructure, and renewable energy development.
Report authors will discuss opportunities, challenges, and key takeaways from the report. A 15-minute Q&A session will follow.
Visit the Ohio River Valley Institute website for more information on research on shared prosperity, clean energy and equitable civic structures in the greater Ohio Valley region.
Resource Links:
-- True Transition For Oil And Gas Workers, Orphaned Oil & Gas Wells - Louisiana Example
-- Overview Of Norfolk Southern Train Derailment And Hazardous Chemical Spill
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