GravitHy has chosen IDOM as its partner to conduct the Pre-Feasibility Studies of its first-of-a-kind decarbonized Hydrogen based DRI & HBI facility to be built in Fos-sur-Mer in southern France. IDOM started from its inception working for the steel mills in Spain and since then, it has been playing a major role in the execution and development of projects for steelmakers worldwide, developing expertise in Green Steel projects.The PFS will consist of the preliminary engineering, project implementation strategy and CAPEX & OPEX development, which will allow GravitHy to prepare a solid dossier for the permitting process, define core packages, mitigate risks, validate key business fundamentals as well as to advance in the project financing. It is an important investment that reinforces GravitHy’s commitment with the realization of the project in Fos-sur-Mer.EIT InnoEnergy, Engie New Ventures, FORVIA, GROUPEIDEC, Plug, and Primetals Technologies, founding shareholders of GravitHy, announced plans in June 2022 to build, own and operate its first green iron plant in France, mobilizing EUR 2.2 billion worth of initial investment with construction commencing in 2024. The company aims for the plant to be fully operational by 2027, subject to the required regulatory approvals. GravitHy has an ambition to produce an annual throughput of 2 million tonnes of Direct Reduced Iron
GravitHy has chosen IDOM as its partner to conduct the Pre-Feasibility Studies of its first-of-a-kind decarbonized Hydrogen based DRI & HBI facility to be built in Fos-sur-Mer in southern France. IDOM started from its inception working for the steel mills in Spain and since then, it has been playing a major role in the execution and development of projects for steelmakers worldwide, developing expertise in Green Steel projects.The PFS will consist of the preliminary engineering, project implementation strategy and CAPEX & OPEX development, which will allow GravitHy to prepare a solid dossier for the permitting process, define core packages, mitigate risks, validate key business fundamentals as well as to advance in the project financing. It is an important investment that reinforces GravitHy’s commitment with the realization of the project in Fos-sur-Mer.EIT InnoEnergy, Engie New Ventures, FORVIA, GROUPEIDEC, Plug, and Primetals Technologies, founding shareholders of GravitHy, announced plans in June 2022 to build, own and operate its first green iron plant in France, mobilizing EUR 2.2 billion worth of initial investment with construction commencing in 2024. The company aims for the plant to be fully operational by 2027, subject to the required regulatory approvals. GravitHy has an ambition to produce an annual throughput of 2 million tonnes of Direct Reduced Iron
