Kingspan invests in H2 Green Steel

Irish building materials firm Kingspan Group has invested in H2 Green Steel, the company behind €2.5bn ($3bn) plans to build a gigascale green hydrogen plant in Northern Sweden that will produce fossil-free steel at a leading cost position.

The group sees the investment opportunity as a means to secure a long-term supply agreement that will see the company utilise H2 Green Steel (H2GS) to meet its steel requirements.

H2 Green Steel expects to have an annual production capacity of five million tonnes of high-quality steel by 2030, produced by a fossil-free manufacturing process.

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