Investors eye Thyssenkrupp’s green hydrogen project
German conglomerate also conducts tests to substitute hydrogen for coal at Duisberg steel plant
Various funds have expressed interest in investing in steel manufacturer Thyssenkrupp’s green hydrogen initiative, which will eventually enable the company to manufacture low-carbon steel, senior executives tell Transition Economist. Thyssenkrupp is conducting a feasibility study along with utility Steag to build an electrolysis plant at the energy firm’s Duisburg-Walsum facility. Steag would operate the plant, which will produce and supply green hydrogen to Thyssenkrupp’s nearby steel mill. “There's no alternative to decarbonise the steel industry” Zschocke, ThyssenKruppUhde Chlorine Engineers Thyssenkrupp Uhde Chlorine Engineers, Thyssenkrupp Steel and Steag will invest in
Also in this section
24 January 2025
Clean hydrogen sector has enough traction globally to ride out a period of policy uncertainty under the Trump administration
23 January 2025
Russia, Poland and Romania are the biggest players when it comes to hydrogen projects in the region
23 January 2025
The UK leads Western Europe in terms of active hydrogen project market share, but developments are planned across Italy, Spain, Portugal, the Netherlands and the Nordic countries
23 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised