H2 Green Steel contracts with Midrex and Paul Wurth

H2 Green Steel contracts with Midrex and Paul Wurth for the world's first commercial 100% hydrogen direct reduced iron plant and Kobe Steel partners with H2 Green Steel for equity investment.

Midrex Technologies (Midrex), a wholly owned subsidiary of Kobe Steel, and its consortium partner Paul Wurth, an SMS group company have signed a contract with Sweden-based H2 Green Steel to supply the innovative MIDREX H2TM technology for the world's first commercial 100% hydrogen direct reduced iron (DRI) plant, which is expected to start operation in 2025 and have an annual capacity of 2.1 million tonnes of DRI/HBI.

In addition, Kobe Steel has decided an investment in H2 Green Steel and has begun discussions with H2 Green Steel for the possible purchase of green HBI in the future.