As part of the Green Innovation Fund project, New Energy and Industrial Technology Development Organization NEDO will launch a hydrogen utilization project in the steelmaking process with total budget of JPY 193.5 billion to decarbonize the steel industry, which emits a large amount of CO2 in the manufacturing process. Reduce fossil fuel consumption from the entire iron making process, including technology to utilize more hydrogen in blast furnaces and hydrogen reduction technology to utilize low-grade iron ore in direct reduction furnaces, and reduce CO2 emissions by 2030 by 2030. NEDO aims to develop technology that can reduce the emissions.The Green Innovation Fund was established on 24 December 2021 to create a virtuous cycle of economy and environment in the Green Growth Strategy for 2050 Carbon Neutral formulated by the Ministry of Economy, Trade and Industry on 25 December 2020 with related ministries and agencies. This fund has been funded and the four Japanese steel makers Nippon Steel, JFE Steel, Kobe Steel, General Incorporated Foundation Metal-based Materials Research & Development Center, JRCM, will promote this project toward the realization of decarbonization of the iron-making process.(1) Development of hydrogen reduction technology utilizing on-site hydrogen - By 2030, implement technology to reduce CO 2 emissions from the iron making process by 30% or more by hydrogen reduction technology and CO2 separation and recovery technology in blast furnaces that utilize on-site hydrogen. (2) Development of low-carbon technology utilizing CO2 contained in external hydrogen and blast furnace exhaust gas - By 2030, demonstrate the technology to reduce CO2 emissions from the steelmaking process by 50% or more in a medium-scale test blast furnace. (3) Development of direct hydrogen reduction technology - By 2030, demonstrate the technology to reduce CO2 emissions by 50% or more in medium-scale direct reduction furnaces compared to the current blast furnace method by using the technology to directly reduce low-grade iron ore with hydrogen. This will be jointly implemented by Nippon Steel, JFE Steel, and JRCM.(4) Development of impurity removal technology for electric furnaces using direct reduced iron - By 2030, in order to produce high-grade steel that can be used for the outer panels of automobiles in the hydrogen direct reduction-blast furnace integrated process utilizing low-grade iron ore, impurities in large-scale test furnaces. Demonstrate the technology to control the concentration of at the same level as the blast furnace method.