Although the first buildings on the remote site have not yet been built, H2 Green Steel, the company behind the project, believes it will be able to produce the first commercial batches of steel by 2025. If the experiment succeeds, it will be Europe’s first large-scale plant for environmentally clean steel.
Products made by the environmentally friendly process will be used just like traditional steel: from cars and cargo ships to buildings and bridges.
The centerpiece of the new steel plant will be a tall structure called a DRI tower (DRI means direct reduced iron). Inside it, hydrogen will react with iron ore, creating a form of iron that can be used to make steel. Unlike coking coal, which causes carbon emissions, the by-product of the reaction in the direct reduction column is water vapor. All hydrogen used at the new green steel plant will be produced by H2 Green Steel.
Steel companies in France, Germany, Spain, and the United Kingdom have also announced plans for similar projects. Moreover, the EU is finalizing a new strategy called the Carbon Border Adjustment Mechanism, intended to make importing cheaper non-green steel from other parts of the world more expensive for European companies.
Source: MetalTorg.Ru
