9,484.26 TRY BIST 100 BIST 100
37.93 USD USD USD
5.23 CNY CNY CNY
41.82 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
45.20 TRY Interest Interest
69.56 USD Fossil Oil Fossil Oil
31.51 USD Silver Silver
4.76 USD Copper Copper
102.77 USD Iron Ore Iron Ore
356.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,797.04 TRY Gold (gr) Gold (gr)

Hydnum Steel will establish a Spanish green steel plant

Spain's Hydnum Steel (HS) plans to build the first green steel plant on the Iberian Peninsula.

Hydnum Steel will establish a Spanish green steel plant

Spain's Hydnum Steel (HS) plans to build the first green steel plant on the Iberian Peninsula. The project, which is a partnership of Helvella investment company Siemens, ABEI Energy and Russula Corporation, will be located in Puertollano in the Castilla-La Mancha region. ”The plant will be designed from scratch to use non-fossil energy throughout the production process, thus gradually incorporating green hydrogen into the production process with the aim of significantly reducing CO2 emissions, " explains HS.

”The production will be in line with the sustainable development goals in the steel sector and the circular economy, recycle scrap as raw materials, minimize water use and value the waste and by-products generated during production processes," HS said.

As a technology partner, Siemens will offer digital solutions related to the design, production and maintenance phases of the facility.

ABEI Energy's contribution will focus on green hydrogen production and will also develop renewable projects on photovoltaic technology and wind energy use. Service supplier Russula will be responsible for the engineering and full automation of the facility.

The facility will cover an area of 1.3 million square meters. The project will be worth 1 billion Euros and will provide direct employment opportunities for 400 people. In the first stage of development, it is estimated that HS will invest €600 million. The plant is expected to be operational in 2026 so that the company can access European financing.

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

Global supply chains, tariffs and new European measures

Friday, April 4, 2025

A new era for Thai steel imports, significant shifts in semi-finished and finished products

Friday, April 4, 2025

Wirtschaftsvereinigung Stahl warns that US tariffs threaten transatlantic trade

Friday, April 4, 2025

Green Steel and Decarbonization: "The Rise of Ukraine's Steel Industry Through Adaptation to the European Market"

Friday, April 4, 2025

US steel shipments decreased by 5.4% in February 2025

Friday, April 4, 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