Spanish producer of long products and forgings from special steel Sidenor has joined the largest renewable hydrogen consortium in the country called SHYNE The participation in the project is forecast to support the company’s ambition to reduce greenhouse emissions by 5G% by 2Q25: by 60% by 2030 and reach carbon neutrality by 2050

The SHYNE project, made up of 33 entities from different sectors, was presented at Campus Repsol, the headquarters of the multi-energy company. It brings together 22 companies, among which Sidenor, and 11 associations, technology centers, and universities under the leadership of Repsol with the aim of promoting renewable hydrogen projects in all areas of the Spanish economy and, thus, stimulating rapid and effective decarbonization through this energy vector that is considered one of the keys to the energy transition.

The projects grouped in SHYNE will involve an accumulated investment of EUR 3.23 billion. This investment will enable the implementation of different initiatives for the production, distribution, and use of renewable hydrogen in the industrial sector, in transport, as well as other applications, and the development of pioneering technologies and acceleration if the deployment plans for this gas. The overall project is expected to generate more than 13,000 jobs.

Sidenor operates four assets in Spain and Greece with a total EAF capacity of 3 million tonnes per year. The company can produce 2.3 million tonnes per year of long steel and 1.4 million tonnes per year of weided and seamless pipes.

Kardemir Bags 300,000 Railway Wheels Export Order from Europe

Strategic Research Institute

Related Stories