Hydrogen can only be generated by consuming primary energy such as coal, natural gas and renewable energy.

Steel, magnesium and its products, and coal are among the major exported commodities.

BMW and HBIS will also jointly carry out research and development of carbon capture.

Sun Guolong, general manager of Baogang Group, said carbon capture utilization and storage will play a critical and evolving role in China's energy transition.

Steel, magnesium and its products, and coal are among the major exported commodities.

An executive of the company said such a practice has multiple benefits in both economic and environmental terms.

China is a large consumer of iron ore.

In terms of improvement in rankings, China's Ansteel Group Corp made the highest jump across 183 places to 217.