Investors eye Thyssenkrupp’s green hydrogen project
German conglomerate also conducts tests to substitute hydrogen for coal at Duisberg steel plant
Various funds have expressed interest in investing in steel manufacturer Thyssenkrupp’s green hydrogen initiative, which will eventually enable the company to manufacture low-carbon steel, senior executives tell Transition Economist. Thyssenkrupp is conducting a feasibility study along with utility Steag to build an electrolysis plant at the energy firm’s Duisburg-Walsum facility. Steag would operate the plant, which will produce and supply green hydrogen to Thyssenkrupp’s nearby steel mill. “There's no alternative to decarbonise the steel industry” Zschocke, ThyssenKruppUhde Chlorine Engineers Thyssenkrupp Uhde Chlorine Engineers, Thyssenkrupp Steel and Steag will invest in
Also in this section
3 May 2024
Australia’s Fortescue and France’s EDF Renewables among the successful bidders as second-round auction draws green hydrogen projects worth about $11b
1 May 2024
High costs and uncertainty over offtake agreements are delaying project investment decisions, according to Aurora Energy Research
1 May 2024
Low clearing prices in first European Hydrogen Bank auction reflect fierce competition for green hydrogen subsidies and buyers’ willingness to pay premium
1 May 2024
Japanese company launches test module at Takasago Hydrogen Park with aim to deploy megawatt-scale demonstration project of electrolyser technology