Decarbonization
ArcelorMittal changes plans for “green” steel
The ride of “green” hydrogen does not get going, the electricity prices in Germany are high. That has consequences.
The Arcelormittal steel company changes its plans for “Greens” steel in Bremen and Eisenhüttenstadt. As the group announced, the investments could not be continued due to the market situation and the lack of economy of a CO2-reduced steel production.
ArcelorMittal is obliged to officially inform the Federal Government, since the contract with the Federal Government on the promotion of 1.3 billion euros provided for the construction work for the project by June 2025.
ArcelorMittal will concentrate on planning for the construction of electric laying stoves in Bremen and Eisenhüttenstadt in order to be prepared if this type of production is economically sensible. Replace in Eisenhüttenstadt. A so -called direct reduction system and a so -called electrical light arch stove were to be set up in Bremen. The new systems should use green hydrogen perspective – i.e. hydrogen, which was produced with green electricity ..
dpa
Source: Stern
