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Tag: H2 Green Steel

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H2 Green Steel partners with Midrex for technology and Kobe Steel for equity investment

H2 Green Steel is partnering with Midrex, a world leader in direct reduction ironmaking technology for the steel industry. Midrex's owner, Kobe Steel is further solidifying the partnership by investing in H2 Green Steel as part of its Series B financing round. STOCKHOLM, Oct. 11, 2022 /PRNewswire/ -- H2 Green Steel will build the world's first facility for direct reduced iron (DRI) running on 100 percent green hydrogen, based on Midrex's technology. The Midrex H2 Plant will have a yearly production of 2,1 million tonnes of hot DRI and hot briquetted iron (HBI) that will feed the production of initially 2,5 million tonnes of green steel in Boden in northern Sweden. This first-of-a-kind DRI plant will be provided by a consortium of Midrex and Paul Wurth, an SMS group company. "We starte...