Hydnum Steel to Launch Sustainable Steel Plant in Spain with 500 MW Power Access
What developers are promising will be the first “clean steel” plant on the Iberian Peninsula is moving forward into the project phase after receiving approval for 500 MW of grid electricity access in Spain.
Hydnum Steel secured the grid power to guarantee energy supply for its electric arc furnace.
The manufacturer is partnering with metals firm Gestamp to produce steel used for components in the automobile industry. Other technological partners include Russula, Siemens and Primetals Technologies.
Gestamp subsidiary Gescrap will supply recyclable metal to Hydnum Steel. The steelmaker will use renewable energy, green hydrogen and electrification to produce low-carbon steel at the plant planned in the Ciudad Real province.
European countries import almost 11 million tons of steel per year. Hydnum Steel is set to produce 1.5 million tons in the inaugural phase, with projections indicating an eventual output of 2.7 million tons.
Construction should begin this year, with an investment of more than $1.77 billion, according to the company. More than 400 direct jobs are expected to be generated by Hydnum Steel in its initial phase.
The global steel industry is responsible for about 6% of carbon emissions worldwide, according to analysis from Rhodium Group and others. Electric arc furnaces are the most decarbonizing methods of steel production, but those account for only 22% of steel totals.
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