H2 Green Steel signs €4.2bn debt financing agreements for Boden plant
Sweden’s H2 Green Steel has signed debt financing agreements for €4.2bn ($4.57bn), raised nearly €300m ($326m) in equity and secured a €250m ($272m) EU Innovation Fund grant.
Sweden’s H2 Green Steel has signed debt financing agreements for €4.2bn ($4.57bn), raised nearly €300m ($326m) in equity and secured a €250m ($272m) EU Innovation Fund grant.
Sweden’s H2 Green Steel has signed a seven-year supply agreement with KIRCHHOFF Automotive for the delivery of its hydrogen-produced steel, valued at €130m ($141.5m).
The European Commission has approved a €2.6bn ($2.8bn) German measure to support decarbonising steel production via hydrogen.
Emirates Steel Arkan (ESA), Ohmium International and Khalifa University are set to collaborate on accelerating the uptake of green hydrogen in the steel sector to clean up ESA’s manufacturing.
Masdar and Emirates Steel Arkan have partnered to develop a green hydrogen project designed to decarbonise the hard-to-abate steel sector in the UAE.
Australia’s Fortescue Metals Group has approved the final investment decision (FID) to construct two green hydrogen and one green metals projects in the US and Australia, totalling $750m of investment over three years.
Building hydrogen handling systems which can last and withstand embrittlement are vital for operational success and ensuring industry safety, an H2 View Showcase Webinar explained today.
Finnish steelmaker SSAB has signed a letter of intent (LOI) to decarbonise all of its deliveries to Scania’s heavy-duty vehicles in 2030, using hydrogen-based steel production technology.
H2 Green Steel has entered into a binding agreement with Purmo Group to deliver 140,000 tonnes of hydrogen-based green steel.
SSAB and Fortum have concluded a study into producing hydrogen-reduced sponge iron at SSAB’s steel plant in Raahe, Finland, finding a commercial arrangement is not possible.
