The Energy
and Climate Intelligence Unit (ECIU) has found that the UK has
currently one planned project compared to 38 reported in the EU, with nearly
ten plants in Europe already producing green steel.
The only planned project in the UK is
located at British
Steel’s Scunthorpe plant, which is part of the Zero Carbon Humber
initiative.
In 2021, the UK had no planned projects
while the EU had 23 planned projects. the report stresses.
Jess Ralston, Energy Analyst at the ECIU,
raised concerns about the UK’s ability to compete with other countries as car
manufacturers start to seek out sources of green steel for their electric
vehicle expansions.
Mr Ralston added: “The gas
crisis has spurred a dash from the US and EU to build green
industries. Does the Chancellor have something up his sleeve to ensure the UK
doesn’t fall further behind on steel?”