Europe’s steel industry is facing a monumental challenge: decarbonization. Axel Eggert, CEO of the European Steel Association (EUROFER), asserts that the industry requires a staggering 5 million tons of hydrogen annually to achieve this goal.
Browsing: steel
The recent collaboration between Brazilian mining giant Vale and China’s Central South University (CSU) in establishing a joint laboratory for low-carbon and hydrogen metallurgy marks a milestone in the pursuit of sustainable steel technologies.
In a speech at the headquarters of the International Energy Agency (IEA) in Paris, Pinakin Chaubal, head of technology at ArcelorMittal, highlighted the challenges and costs associated with decarbonizing the steel industry.
SSAB has embarked on the “Towards Fossil-Free Steel Phase 2” (FFS2) joint project in Finland. This effort aims to enhance skills and capabilities in fossil-free steelmaking.
India has inaugurated the country’s maiden green hydrogen project in the stainless steel sector.
H2 Green Steel, a Stockholm-based steel manufacturer, has secured a substantial €4.2 billion in debt financing.
H2 Green Steel (H2GS), a Swedish start-up founded in 2020, is on the brink of making history with its €6.5bn funding secured for the world’s largest green steel project.
POSCO, South Korea’s leading steelmaker, is embarking on a journey with its hydrogen reduction steel technology. After 50 years of growth, the company is gearing up for the next 50 years by committing to commercialize its HyREX technology by 2030 and transform its key steel plants in Pohang and Gwangyang entirely to this new steelmaking process by 2050.
The Salzgitter Group, a key player in the steel industry, has partnered with technology group ANDRITZ to make a significant leap towards virtually CO₂-free steel production. ANDRITZ will construct a 100 MW green hydrogen plant as part of the SALCOS® program, becoming one of Europe’s largest hydrogen facilities.
Kobe Steel Group, known as Kobelco, has embarked on a groundbreaking journey towards greener and more sustainable steel production. The company has initiated a demonstration test of a hybrid-type hydrogen gas supply system at its Takasago Works in Hyogo Prefecture, Japan.
