H2 Green Steel raises €1.5 billion in equity to build world’s first green steel...
In the largest private placement in Europe this year, H2 Green Steel has raised about €1.5 billion in equity from an investor group led by Altor, GIC, Hy24 and Just Climate. The round will finance the world’s first large-scale green steel plant and Europe’s first giga-scale electrolyzer.
Salzgitter´s (re)financing deal sealed for green steel production
Salzgitter Klöckner-Werke GmbH, a wholly owned subsidiary of Salzgitter AG, has entered into a revamped € 1.03 billion syndicated loan agreement. The company’s existing € 560 million credit line was raised to € 680 million, with a new € 350 million guarantee facility baked into the contract as well.
EU Commission approves German federal and state government funding for thyssenkrupp Steel’s “tkH2Steel” decarbonisation...
The EU Commission has granted state aid approval for German federal and state government funding of the "tkH2Steel" decarbonisation project in a total amount of around two billion euros.
Australian Renewable Energy Agency announces $50M commitment to green hydrogen and steel
With iron and steel accounting for more than seven per cent of global emissions, technological innovation will be vital to the industry achieving net zero emissions.
voestalpine to invest EUR 1.5 billion for climate-friendly steel production
voestalpine is continuing to steadily implement its plan to achieve the global climate goals. The necessary preparatory work is already in full swing, and construction of the two EAFs is scheduled to start next year.