Posted on 02 Feb 2024
Spain's Hydnum Steel (HS) says it is advancing with its plan to build the first green steel mill on the Iberian Peninsula, Kallanish notes. The project, a partnership consisting of the Helvella investment company, Siemens, ABEI Energy and Russula Corporation, will be located in Puertollano, in the Castilla-La Mancha region.
“Our priority project application for the plant has been submitted to the Castilla-La Mancha regional government,” the company confirms. “The procedure confirms the justification of its social and economic interest at the regional level, as well as its public utility and strategic nature.”
The recognition of the Puertollano project as a priority guarantees preferential administrative processing and fast-tracks project implementation, especially in matters of land and urban planning. Among other advantages, it implies economic and financial incentive measures.
The green steel plant is designed to use fossil-free energy throughout the manufacturing process and will gradually incorporate green hydrogen into the production process to substantially reduce CO2 emissions.
"Production will be in line with the sustainable development objectives in the steel sector and the circular economy, recycling scrap as raw material, minimising the use of water and valuing the waste and by-products generated during the manufacturing processes," HS confirms.
The facility will occupy an area of 1.3 million square metres. The project is valued at €1.65 billion ($1.73 billion) and will create more than 1,000 direct jobs. The plant is expected to be operational in 2026.
Source:Kallanish
