What is the goal of this investment?
Favour the transition toward zero emissions green hydrogen in industries that today are ever more polluting and hard to convert (hard-to-abate), primarily steel mills and refineries. The transition, over time, will contribute to the development of the Made in Italy know-how and new technologies in a competitive manner.
- Reduce the gaps in standards of living
Hydrogen favours the use of alternative energy in sectors characterised by a high amount of energy use but for which it is not possible to look to solutions based on electricity. The refineries are the most promising sector where green hydrogen, totally free of emissions, can be introduced, therefore substituting carbon (currently used to cover 1% of final need). Even steel is one of the hard-to-abate sectors where hydrogen can assume a relevant role, since Italy, after Germany, is the second producer in Europe; the use of H2, instead of carbon, in iron and steel processes for the production of primary steel, starting with minerals based on ferrous oxide, particulates, greenhouse gases and other pollutants would be eliminated, Introducing hydrogen as an energy carrier is an absolute novelty in the management of the energy system. Therefore two reforms are expected to pass to define the list of norms at 360 degrees; the first will intervene on the technical norms (such as production safety, transport and storage of H2), the second would be on measures to incentivize production and consumption.
Reduce the impact on the environment by heavy production and transport
Develop solutions that will render the Italian industry competitive over the long term
Allow for tax breaks to industries that utilize green hydrogen in production