By Dr. Jay Lehr~
One of Australia’s richest men, Andrew Forrest, chairman of Fortescue Metals is challenging his nation to make steel without emitting carbon dioxide. Today virtually all steel is made by heating iron oxides with coal. Forrest plans a demo project to virtue signal his desire to stay a steel magnate while protecting his nation and the world from life threatening emissions of carbon dioxide. WARNING: Hold onto your wallets Mr. and Mrs. investor who lack adequate knowledge of how mineralogy and chemistry work to make our products at reasonable costs. Were I an investment con-man I might also find this new idea an attractive way to raise money for my company with little concern that it will ever need to be paid back.
As the con proceeds, the International Energy Agency says that by 2050 steel produced with hydrogen in place of coal will not equal…
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