Germany: Thyssenkrupp Steel has recently announced that it has contracted SMS group for a project that will cost €1.8 billion. The project involves the engineering, construction, and delivery of a Hydrogen-powered direct reduction plant, two melters, and their associated auxiliary units, all of which will be located at Duisburg.
The plant will use innovative Midrex technology, and it will have the capacity to produce 2.5 million tons of directly reduced iron. The completion of the project is expected by the end of 2026 when the plant will begin operations.
Thyssenkrupp Steel has announced its plans to reduce its CO2 emissions by up to 6Mt by 2030, which represents over 30% of its total emissions. The company aims to achieve Carbon-neutral production by 2045 at the latest. Additionally, the recent order placed with SMS is a milestone for the company, as it marks the largest single order ever received in SMS's history spanning over 150 years.
Thyssenkrupp and SMS have a longstanding collaborative relationship spanning several decades. Leveraging their technology, expertise, and project management skills, they hope to drive the green transformation at Germany's leading Steel manufacturer. This marks a significant milestone towards achieving an eco-friendly metals industry.
It’s a historic moment for Thyssenkrupp Steel, with the first direct reduction plant alone helping them reduce CO2 emissions by 3.5Mt. SMS is set to play a key role in enabling the shift towards Hydrogen-based Steel production. Together, the partners aim to showcase the feasibility of an innovative and sustainable transformation in the European Steel industry, ultimately paving the way for a greener future.
