Items Tagged with "H2 Green Steel"

BMW to Source Steel Made with Green Power

The BMW Group announced Oct. 20 an agreement to source steel made using hydrogen and green power to reduce the emissions associated with its supply chain.The automaker plans to source steel produced with 95% less CO2 emissions and without fossil fuels starting in 2025. This new agreement with the Sw Read More...

H2 Green Steel and Iberdrola Launch €2.3 Billion Green Hydrogen Venture

The Swedish green impact company H2 Green Steel (H2GS) and Iberdrola, a renewable energy company with headquarters in Spain, announced a partnership to build a 1-gigawatt plant to produce green hydrogen. The new plant will produce and feed green hydrogen to a 2 million ton direct reduction tower, en Read More...

BMW Group to Use CO2-reduced Steel

BMW Group and H2 Green Steel signed a final contract on the delivery of CO2-reduced steel. The agreement addresses BMW Group’s upstream Scope 3 emissions and includes recycling and end-of-life management measures.BMW Group and H2 Green Steel also agreed on technical cooperation which will Read More...

Ingka Group Adds Green Steel

Ingka Group, the largest IKEA retailer, announced it has signed an agreement for the delivery of green steel to be used in IKEA warehouse racking. The agreement with H2 Green Steel forms part of Ingka Group's  plan to reduce its climate footprint and will account for 50% of warehouse racki Read More...

Volvo Group Adds Green Steel

Volvo Group entered into an agreement to purchase near zero-emission steel to reach a net zero GHG emission value chain by 2040.  Under the long-term agreement, Volvo Group will purchase near zero-emission steel from H2 Green Steel’s new plant in Boden in northern Sweden. Production Read More...

Porsche to Use Carbon-Reduced Steel

Porsche AG signed an agreement for the supply of CO2-reduced steel to lower emissions at the auto company.The agreement was signed with Swedish energy startup H2 Green Steel. H2 Green Steel plans to produce steel using renewable energy in Boden, Sweden, starting at the end of 2025. Beginni Read More...

H2 Green Steel Raises €4 Billion for First-of-Its-Kind Plant

H2 Green Steel has signed definitive debt financing agreements for €4.2 billion in project financing for the world's first large-scale green steel plant in northern Sweden.The latest debt financing agreement is a €300 million addition to the previously announced equity the company had rais Read More...