The Project concerns an implementation of a 2.5 million tons per year integrated primary steel manufacturing plant based on hydrogen direct reduction (DR) technology. The greenfield plant encompasses the following components; − a large scale hydrogen generation plant based on electrolysis − an hydrogen based direct reduction plant for ironmaking combined with − electric arc furnace (EAF) steelmaking and all associated downstream processing facilities. The outcoming primary steel will have a carbon footprint that is very low or close to zero, meaning the plant will manufacture green and sustainable high quality flat steel products targeting mainly the automotive. construction, white goods, industrial equipment and energy sectors.
| InvestEU operation amount | 750 million |
| Sector | Manufacturing |
| Subsector | Manufacture of basic metals and manufacture of fabricated metal products |
| Policy window | Research, innovation and digitisation (RIDW) |
| Approval by the Investment Committee | 08 July 2022 |
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- Reference
- INVEU-ICR-0034-2022
- Project locations
- Sweden
- Policy window
- Research, innovation and digitisation (RIDW)
- Eligible areas
- Environment
- Implementing partner
- EIB