Liberty Steel ties up with European firms to build France s first hydrogen-based steel plant
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Last Updated: Feb 22, 2021, 02:48 PM IST
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Liberty Steel Group is part of diversified GFG Alliance, which has a presence in India. Last year in February, GFG Alliance made a foray into the domestic steel industry with the acquisition of Adhunik Metaliks Ltd and its arm Zion Steel for about Rs 425 crore.
Agencies
Liberty Steel Group has signed MoUs with two European companies to set up France s first hydrogen-based steel making plant.
UK-based Liberty Steel Group, owned by Indian-origin metals tycoon Sanjeev Gupta, has signed MoUs with two European companies to set up France s first hydrogen-based steel making plant.
February 22, 2021
Sanjeev Gupta - REUTERS×
The project will realise the potential of steel and hydrogen working together to solve each other’s problems : Sanjeev Gupta Liberty Steel Group, part of India-born British businessman Sanjeev Gupta-promoted GFG Alliance, has signed a Memorandum of Understanding with Paul Wurth and Stahl-Holding-Saar to set up an industrial-sized hydrogen-based steel-making plant at Dunkerque in France.
The plant will be one of the first of its kind in France. The pan-European partnership will work together on a project to incorporate a 2-million-tonne Direct Reduced Iron plant with an integrated 1 GW capacity hydrogen electrolysis production unit, next to GFG’s Alvance Aluminium Dunkerque site.
Hydrogen-based steel making heading to France theengineer.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theengineer.co.uk Daily Mail and Mail on Sunday newspapers.
Rio Tinto, Paul Wurth S.A. and SHS-Stahl-Holding-Saar GmbH & Co. KGaA (SHS) have signed a Memorandum of Understanding to explore the viability of transforming iron ore pellets into low-carbon hot briquetted iron (HBI) (a form of Direct Reduced Iron, DRI), a steel feedstock (earlier post) using green hydrogen generated from.
Sweden s HYBRIT plant
It’s December and less than 100 miles from the Arctic circle. But while Svartön (“black island”) – the heavily industrialised peninsular around HYBRIT, Sweden’s pilot fossil-free steel plant – is already dusted by a thin layer of snow, the estuary around it has yet to freeze.
To see why the first steps towards fossil-free steel are happening here, in the Sweden’s icy north, you have to look across the grey waters to the Bergnäsbron bridge where the mighty Lule river spills into the Baltic Sea.
Along its way from the mountains of Lapland, this river generates more power than any other in Sweden, close to 15 terawatt hours last year. That is more than a tenth of Sweden’s domestic consumption and, coincidentally, the amount of power that Swedish steel company SSAB estimates it needs to completely replace coal in its mills.