9,807.10 TRY BIST 100 BIST 100
4.99 CNY CNY CNY
37.15 EUR EUR EUR
35.93 USD USD USD
0.13 CNY CNY/EUR CNY/EUR
38.54 TRY Interest Interest
75.92 USD Fossil Oil Fossil Oil
32.28 USD Silver Silver
4.33 USD Copper Copper
104.14 USD Iron Ore Iron Ore
349.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,301.46 TRY Gold (gr) Gold (gr)

ArcelorMittal supports H2Austrias' decarbonization activities

The Hydrogen Hub Austrias (H2Austrias) project, aiming to produce and supply green hydrogen at a competitive price in Europe and thus decarbonize the production system, has the support of ArcelorMittal.

ArcelorMittal supports H2Austrias' decarbonization activities

The first project of the international renewable hydrogen hub HyDeal Ambition, the Hydrogen Hub Austrias (H2Austrias), will be located in Spain.

With the support of companies such as ArcelorMittal and DH2 Energy, the project is aiming to produce and supply green hydrogen at a competitive price in Europe and thus decarbonize the production system. Since 2021, its structural features have been researched and developed, and construction of the project is starting this year. In 2025, production is expected to start and the Hydrogen Hub Austrias, with an installed capacity of 9.5 gigawatts, will provide renewable hydrogen for the production of products such as green steel, green ammonia and green fertilizers.

The President of ArcelorMittal, José Manuel Arias, assessed HyDeal Spain as a strategic initiative in the roadmap to decarbonize steelmaking: "Thanks to the integration of the entire group of companies and the impact of economies of scale, HyDeal Spain offers A competitive supply of hydrogen from renewable energy sources!"

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Qatar's construction sector poised for a good year

Wednesday, February 5, 2025

Thousands of steelworkers and industry representatives demand urgent EU action in Brussels

Wednesday, February 5, 2025

Fujian Sanbao Group co-operates with SMS Group for tin plate production

Wednesday, February 5, 2025

Taiwanese company Feng Hsin increased scrap and rebar prices

Wednesday, February 5, 2025

Olaf Scholz emphasizes green steel in Thyssenkrupp visit

Wednesday, February 5, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now