"Record-Breaking Financing Secured for World's First Green Hydrogen Steel Plant"
TL;DR
H2 Green Steel secures €4.5bn in additional funding for the world’s largest green-hydrogen-based steel project in northern Sweden, aiming to produce near-zero-emission steel by replacing coking coal with green hydrogen and using renewable energy. The project, with close to €6.5bn in financing, is set to take a final investment decision soon and has already begun construction, with production expected to start in 2027. The company has secured contracts with major customers and financing from a group of lenders, including the European Investment Bank, and has also raised equity and received grants from the EU’s Innovation Fund.
Topics:businessenergy-and-environment#decarbonization#energy-and-environment#green-hydrogen#green-steel#h2-green-steel#renewable-energy
- H2 Green Steel secures €4.5bn of additional funding for world's first large-scale green-hydrogen-based steel plant Hydrogen Insight
- World's First Green Steel Plant Raises $4.6 Billion in Debt Yahoo Finance
- H2 Green Steel Raises Over $5 Billion in Financing for New Decarbonized Steel Plant ESG Today
- Sweden's H2GS Signs $4.2 Billion Debt Financing for Steel Plant Bloomberg
- Sweden’s H2GS Signs $4.2 Billion Debt Financing for Steel Plant BNN Bloomberg
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