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Thyssenkrupp CEO: Green steel plant at risk without reliable hydrogen supply

Summary by Hydrogen View

“Under the current conditions, there is no guarantee that we will be able to operate the plant economically in the foreseeable future,” Miguel Lopez said.

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mannheim24.de

+4 Reposted by 4 other sources

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A national hydrogen network is supposed to make the industry greener, but the federal government could remain on a huge mountain of debt.

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H2 Energy Group

H2-View News: Thyssenkrupp CEO: Green steel plant at risk without reliable hydrogen supply

Currently under construction in Duisburg, the plant has already secured €2bn ($2.2bn) in government funding, with Thyssenkrupp committing a further €1bn ($1.1bn) – its largest single investment to date. Using direct-reduced iron (DRI) technology, it’s set to produce 2.5 million tonnes of green iron annually, later converted into steel. From 2028, it’ll demand at least

1 day ago

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Hydrogen View

Thyssenkrupp CEO: Green steel plant at risk without reliable hydrogen supply

“Under the current conditions, there is no guarantee that we will be able to operate the plant economically in the foreseeable future,” Miguel Lopez said.

1 day ago

Read Full Article

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