Brazilian mining major Vale has signed an agreement to explore building a co-located iron ore briquette plant at a Spanish start-up’s green hydrogen-based steel project.
Launched in 2021, Hydnum Steel plans to construct a new steel plant that will use green hydrogen as a reducing agent for iron in Puertollano, Spain.
Expected to begin producing 1.5 million tonnes of rolled steel in 2026, the company hopes to boost capacity to 2.6 million tonnes from 2030.
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