Hydrogen based steel market taking off

Thyssenkrupp Steel Europe has launched a tender seeking up to 151,000 tonnes of green or blue hydrogen supply for the direct-iron reduction facilities it is building at its Duisburg plant, Germany’s largest steel mill. The company, which is Germany’s largest steelmaker, plans to complete construction of its new direct-reduced iron (DRI) facilities at the plant — which will use clean hydrogen to extract iron from ore by the end of 2026, with the capacity to produce 2.5 million tonnes of DRI annually (reference).

Also H2 Green Steel (H2GS) has secured an additional €4.5bn of funding to help build the world’s first large-scale green steel project, which will incorporate about 1GW of electrolysers, making it the biggest green hydrogen facility in Europe. The Swedish start-up, founded in 2020, now has close to €6.5bn of financing in place, and is expected to soon take a final investment decision (FID) on its plant in Boden, northern Sweden, which will use a combination of green hydrogen and renewable electricity to produce near-zero-emission steel (reference).