Until the product is actually built and tested at commercial scale, it’s too early to say how well or affordably it will really work.
Moreover, merely producing a green version of a product for around the same price won’t be enough to transform the industry, given the billions of dollars in sunk costs in steel mills that can operate for decades.
Even if the perfect technology came on the scene today, it’d probably be several decades before we could effectively transition to it
Talk about playing the long game...
I wonder how much cheaper their method would need to be, given the above. Would it be faster/cheaper to develop perfect scrubbers to retrofit onto existing mills? (Funded through donations, and/or to sell to offset carbon taxes.)
Still good to have this new technology available to transition to down the line.