Leading aluminium supplier Hydro’s green hydrogen company Hydro Havrand is teaming up with H2 Green Steel with the aim to accelerate the decarbonization of heavy industry through green hydrogen. Under the agreement, the companies will explore the possibility of producing green hydrogen for off-takers in the Nordics and Brazil. By investing in hydrogen production, the two companies are aiming to both cut emissions and create sustainable jobs.The companies are looking into possibilities for a green field project for production of green hydrogen. If realized, the hydrogen production facility will enable approximately 5 million tonnes of green steel through direct iron reduction, in a plant owned by H2 Green Steel, abating approximately 9.5 million tonnes of CO2 per year. In addition, the parties are evaluating supplying green hydrogen to other off takers in hard-to-abate sectors.As both companies have their base in Nordic countries, they will also explore the potential for a large-scale hydrogen production facility the Nordics.The collaborating includes areas such as definition of hydrogen production plant design requirements, system standardization and optimization. In addition, combined efforts plan to be dedicated to ensuring security of supply and safe operation of hydrogen production, storage and utilization. All projects are pending successful feasibility studies and will be subject to obtaining any necessary regulatory clearances. The ambition is to execute projects from the second half of the decade.
Leading aluminium supplier Hydro’s green hydrogen company Hydro Havrand is teaming up with H2 Green Steel with the aim to accelerate the decarbonization of heavy industry through green hydrogen. Under the agreement, the companies will explore the possibility of producing green hydrogen for off-takers in the Nordics and Brazil. By investing in hydrogen production, the two companies are aiming to both cut emissions and create sustainable jobs.The companies are looking into possibilities for a green field project for production of green hydrogen. If realized, the hydrogen production facility will enable approximately 5 million tonnes of green steel through direct iron reduction, in a plant owned by H2 Green Steel, abating approximately 9.5 million tonnes of CO2 per year. In addition, the parties are evaluating supplying green hydrogen to other off takers in hard-to-abate sectors.As both companies have their base in Nordic countries, they will also explore the potential for a large-scale hydrogen production facility the Nordics.The collaborating includes areas such as definition of hydrogen production plant design requirements, system standardization and optimization. In addition, combined efforts plan to be dedicated to ensuring security of supply and safe operation of hydrogen production, storage and utilization. All projects are pending successful feasibility studies and will be subject to obtaining any necessary regulatory clearances. The ambition is to execute projects from the second half of the decade.
