Tata Steel Announced Huge Investment in Hydrogen-Based Steelmaking

SEATTLE (Scrap Monster): Tata Steel Netherlands announced huge investment in hydrogen-based steel manufacturing. Incidentally, use of hydrogen will contribute significantly to decarbonise steel manufacturing.

The company has entered into agreements with three companies- McDermott, Danieli and Hatch to augment technical preparations to switch to hydrogen route at its Ijmuiden steelworks. The initial step in this development is expected to cost around 65 million euros. It will lead to creation of an engineering package, which in turn is expected to form the basis for a final permit.

ALSO READ:

Tata Steel to Exit UK Steel Business If Denied Government Funding

Tata Steel Unveiled Plans to Invest in New Steel Plant

It must be noted that all the three companies have their own specific expertise in the field of green hydrogen transition. The steel major will implement the transition through collective use of their expertise.

McDermott will provide construction input and technical project management support. Danieli will be in charge of engineering design for the DRI plant and technology. Hatch will offer its technology to reduce the oxygen content at electric furnaces that melt the DRI, thus resulting in improved steel quality.

The project will be led by company’s internal and sustainability teams, along with the support of its key delivery partners.