Welcome to our investment and financial news category focused on the growing trend of green steel production. As the world looks towards more sustainable alternatives to traditional manufacturing practices, green steel has emerged as a promising solution. Our articles will keep you up to date on the latest investments and developments in this exciting field. We also publish a dedicated Green Steel World Finance & Investment magazine edition. If you are interested in receiving this publication, please visit this page to sign up.
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 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.
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.
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 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.
Just Climate is an investment business dedicated to climate-led investing to address the net zero challenge at scale.
Boston Metal’s patented Molten Oxide Electrolysis (MOE) process is being commercialized to produce both green steel and high-value metals, such as tin and niobium.
The SSP provide a framework for banks to assess the decarbonisation of their steel lending portfolio. ResponsibleSteel provides an international standard for steel sites to be certified against.
Climate Bonds is working to mobilise the wide-scale transition of the economy in line with net-zero targets. To do this, all sectors of the economy will adjust to operate effectively in a low carbon economy.
Starting as early as 2027, up to 3.5 million tons of low-carbon steel will be produced annually in Saarland and emissions will be cut by 4.9 million tons.
SALCOS® is aimed at converting steel production at Salzgitter into low carbon crude steel production in three stages over the period up until 2033.
H2 Green Steel has pre-sold about 60 percent of its initial volumes showcasing the demand for decarbonised steel.
Bosch will assign the development of electrolyser components to the Mobility Solutions business sector.
“ROC” is an acronym for Reducing Iron Oxides without Carbon by using Hydrogen-Plasma.
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