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<p>We are working closely with the UK Steel Council to explore decarbonisation pathways
– including electric arc, industrial carbon capture equipment attached to existing
blast furnaces, or other emerging technologies, such as hydrogen. The ideal decarbonisation
pathway for individual sites is based on multiple factors and the Government is working
closely with companies to support them as they make commercial decisions on the optimum
route.</p><p> </p><p>We have set up the Industrial Decarbonisation and Hydrogen Revenue
Support (IDHRS) scheme to fund our new hydrogen and industrial carbon capture business
models. We will be providing up to £140 million of taxpayer funds will be made available
to establish the scheme, including up to £100 million to award contracts of up to
250MW of electrolytic hydrogen production capacity in 2023 with further allocation
in 2024. The scheme will be open to businesses across industry, including steel companies.</p>
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