Under the new partnership, SMS is set to deliver process equipment for the green steel’s melt shop, down to the finished steel products, including casting and hot rolling plant.
Additionally, the company is expected to provide advanced cold rolling processing complex for the production of high strength steel and automotive steel grades.
In August (2022), H2 Green Steel revealed it had signed a final contract for the delivery of hydrogen-produced green steel with BMW Group, as it seeks to decarbonise is supply chains.
Read more: BMW signs supply contract with H2 Green Steel
The latest order follows on from a recent contract awarded to SMS’ wholly owned company, Paul Wurth, and its consortium partner, Midrex for the delivery of direct reduced iron (DRI) technology. H2 View understands, the two orders to SMS and Midrex amount to over €1bn ($974.9m).
Read more: H2 Green Steel partners with Midrex for DRI technology
Burkhard Dahmen, CEO of SMS group, said, “Hydrogen based green steel is the future of primary steelmaking, and we are all working full speed ahead to deliver the key technologies to start a new era of steelmaking. We are excited to continue the partnership with the H2 Green Steel team and looking forward to the joint realisation of this lighthouse project.”
Maria Persson Gulda, Chief Technology Officer at H2 Green Steel added, “We have jointly designed the plant to make a significant carbon dioxide reduction throughout the whole steel plant in a way that will set us apart from others in the market.
“We have chosen SMS group for this project because we believe in their capabilities which have been demonstrated in numerous industrial projects around the world.”
Green is the new black: An interview with H2 Green Steel
©H2 Green Steel
From the buildings you live in, the cars you drive, appliances in your house, to the equipment manufacturing our goods, steel makes up some part of it, making its way into all of our daily lives. With 1,950.5 million tonnes produced in 2021, according to the World Steel Association1, it appears to be one of the most intertwined materials in our societies.
Despite the high demand and use, steel production remains to be highly emission-intensive, with The Industry Transition reporting that annual steel production generates approximately three billion tonnes of carbon dioxide emissions, accounting for 8% of global carbon dioxide emissions2.
Our reliance on the material and continuation of using carbon-heavy production methods pose a strong threat to goals of meeting Net Zero emissions by 2050. However, in recent years the possibilities to decarbonise this hard-to-abate sector have grown thanks to the development of hydrogen technologies.
One company forging the way for a greener steel industry is Sweden-based, H2 Green Steel. Its story started at a board meeting of Northvolt, a Swedish green battery cell producer, founded by Vargas, an impact company builder that claims to challenge old truths and conventional ways of working…
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