METI to Develop Innovation to Reduce Green House Gas in Steel Process

Ministry of Economy, Trade and Industry offered scheme of Cool Earth 50, which is the strategy to reduce green house effect gas by 2050, at talk by council on Tuesday. METI offered 20 technical projects to reduce green house gas including hydrogen reducing iron making process, zero emission coal power generation, hydrogen energy vehicle and hydrogen infrastructure to make, transport and deposit hydrogen. METI tries to enforce the projects toward technical road map for 2050. METI also tries to improve the global alliance for the mission. METI tries to seek joint study with International Iron and Steel Institute and European Union along with joint research in basic technology. METI offered the scheme to the council, of which the members include president Akio Mimura of Nippon Steel and chairman Fujio Cho of Toyota Motor. METI tries to discuss the detail in the fiscal 2007 ending March 2008. METI lines up the technologies to use innovative technology, innovative utilization of existing materials, manufacturing process innovation and systemization of existing technology. METI expects those technologies are used by 2030 in actual business in the manner of world leading position. METI tries to develop sectoral approach to reduce green house gas by 50% through innovative technology along with international cooperation. The ministry expects the innovative iron making process focuses on hydrogen reducing iron making process and carbon dioxide separation technology from blast furnace gas. The ministry expects the technology reduces the carbon dioxide emission by 30% from now.