Thyssenkrupp states $3 billion green steel project, not entirely dependent on hydrogen

Thyssenkrupp has planned its commitment to a €3 billion ($3.1 billion) green steel production site, indicating that the project could proceed even if Germany’s aspirations to establish a world-leading hydrogen industry fail.

German opposition leader Friedrich Merz, who is widely regarded as a strong candidate for the chancellorship in next month’s election, Speaking on Monday evening, described a rapid transition to hydrogen as “unrealistic,” casting doubt on the feasibility of the government’s plans.

Thyssenkrupp’s move underscores its determination to advance sustainable steelmaking, regardless of the pace of hydrogen development, highlighting the company’s focus on innovation and resilience in the face of shifting political landscapes.

There have been delays due to the economic and regulatory uncertainty, questioning whether the industry can implement its plans.

“While the government is in charge of ensuring a timely ramp-up of hydrogen infrastructure and supply to secure Europe’s steel sector, the group’s planned green steel site in Duisburg was not dependent on it,” Thyssenkrupp said.

“The plant can also be operated with natural gas. In natural gas operation, around 50% of the CO2 emissions generated in conventional blast furnace operation can already be avoided,” the group commented.

As per the reports, if operated entirely with green hydrogen, then the plant will be virtually climate-neutral.

Thyssenkrupp said the next step in its steel transformation could be the construction of a modern electric arc furnace to replace another blast furnace in Duisburg.

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