ArcelorMittal has had €1.3bn ($1.4bn) of grants approved by the European Commission to support decarbonise two steel plants in Germany with low-carbon hydrogen.
Direct grants from the German Government will be offered up to construct one direct reduced iron (DRI) plant and three new electric arc furnaces at sites in Bremen and Eisenhüttenstadt, where it operates three coal blast furnaces and three oxygen furnaces.
Despite the level of funding, the new DRI plant will initially operate on natural gas, which will be phased out to be replaced by low-carbon and renewable hydrogen. The Commission said the new installation will operate “exclusively” using renewable hydrogen. No date for the switch has been set.
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