ArcelorMittal, Enagas Create Green Hydrogen Venture in Spain

(Bloomberg) — Steelmaking giant ArcelorMittal SA has formed a joint venture with Enagas SA, Fertiberia SA and solar developer DH2 Energy to produce and transport green hydrogen in Spain.Hydrogen is increasingly viewed as a key part of strategies to decarbonize industrial processes and transportation if it’s produced without emitting greenhouse gases. ArcelorMittal and chemical maker Fertiberia, together with other clients that would join the project, plan to buy 330,000 tons of green hydrogen per year to produce low-carbon steel, ammonia, fertilizers and other products.The HyDeal España joint venture will start production in three years and by 2030 expects to reach 9.5 gigawatts of solar energy and 7.4 gigawatts of electrolyzers — the machines that produce hydrogen using electricity and water, according to a joint statement released Tuesday. “The world has changed in the past…

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