The Executive Board of thyssenkrupp AG has released the corresponding capital resources for the construction of the first direct reduction (DR) plant at its Duisburg site. The Supervisory Board of thyssenkrupp AG supports this decision. The major project remains subject to public funding.
The plant, with a capacity of 2.5 million metric tons, will avoid the emission of 3.5 million metric tons of CO2. Construction will involve investment of more than €2 billion.
thyssenkrupp will build a €2B hydrogen-powered direct reduction plant at its Duisberg site. Capacity will be 2.5 million metric tons.
The release of this enormous investment comes in the midst of the company’s transformation, in what is also for all concerned an extremely challenging environment. We are thus underlining our claim to make a significant and, above all, rapid contribution to the green…