UK/Germany – bp and thyssenkrupp Steel have signed a memorandum of understanding (MoU) that focuses on the creation of a long-term supply of low-carbon hydrogen and renewable energy for steel production, thereby accelerating the steel industry’s broader energy transformation.
thyssenkrupp Steel is responsible for 2.5% of Germany’s CO2 emissions, primarily at the Duisburg location where the largest emitters, the blast furnaces, are located. thyssenkrupp Steel wants to make steel manufacturing climate-neutral over the long term by replacing coal-fired blast furnaces with direct reduction plants in which iron ore is reduced with low-carbon hydrogen.
Using power purchase agreements, the companies will investigate supply alternatives for both blue and green hydrogen as well as wind and solar energy.
