thyssenkrupp to invest €2bn to transform steel plant to be powered by hydrogen

Steel-giant thyssenkrupp has announced it will invest €2bn ($2.01bn) to transform its plant in Duisburg, Germany into ‘one of the largest’ hydrogen-powered direct reduction plants.

The move comes as the company looks to clean up its steel production operations. It anticipates the plant will boast a production capacity of 2.5 million tonnes of direct reduced iron, which could provide its customers with two million tonnes of low-carbon steel each year.

thyssenkrupp has said, existing coal-based blast furnaces will be replaced by hydrogen-powered direct reduction plants. Iron produced at the site will have been directly reduced by hydrogen, then liquified in downstream melting units to produce high-quality iron.

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