SPM signs supply agreement with H2 Green Steel to decarbonise production

H2 Green Steel has entered into a supply agreement with Steel Processing Midlands (SPM) valued at around €125m ($136.9m).

Under the five-year agreement, H2 Green Steel will deliver green steel from its plant in Boden, northern Sweden currently under development, providing SPM with 25% of its annual volumes.

The plant will include a facility for green hydrogen production from renewable electricity and produce green direct reduced iron to feed the steel mill.

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