(CercleFinance.com) – bp and thyssenkrupp Steel announce that they have signed a memorandum of understanding focused on the development of a long-term supply of low-carbon hydrogen and renewable energy for steel production.
thyssenkrupp Steel, which emits 2.5% of CO2 in Germany, mainly at its Duisburg blast furnaces, currently produces 11 million tonnes of crude steel per year and aims to produce 400,000 tonnes of low-CO2 steel by 2025.
By replacing coal-fired blast furnaces with direct reduction plants where iron ore is reduced with low-carbon hydrogen, he aims to make steel production climate-neutral in the long term.
The British energy group and the German steelmaker will therefore explore supply options for blue and green hydrogen, as well as wind and solar power through the use of power purchase agreements.
Copyright © 2022 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends with the buttons below.
