ThyssenKrupp Secures Revised Funding Terms for Steel Decarbonization Project
Bitget2026/10/30 10:40- ThyssenKrupp secured revised subsidy terms for its tkH2Steel decarbonization project, allowing a more flexible hydrogen ramp-up amid higher costs and limited availability.
- A new tender for long-term hydrogen supplies will launch shortly, incorporating revised subsidy conditions and findings from the initial procurement process.
- The Duisburg plant targets full hydrogen operation over time, depending on availability, economics and customer demand.
- Natural gas operation can reduce CO₂ emissions by more than 50% compared with the existing coal-based blast furnace process.
- The plant will produce 2,500,000 metric tons of direct-reduced iron annually, potentially cutting annual CO₂ emissions by up to 3,500,000 metric tons.
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