bp and thyssenkrupp Steel have signed a MoU focused on the development of long-term supply of low carbon hydrogen and renewable power
“With our aligned ambitions and complementary investments, Thyssenkrupp Steel and bp can together help this hard-to-abate sector decarbonise faster.”
“The steel and energy industries have of course long been closely linked. We provide fuel and feedstock for steel production while our platforms, pipelines, and turbine towers are made from steel.
“Thyssenkrupp Steel has the ambition to make its steel production climate-neutral by 2045 and low carbon power and hydrogen will play a critical role in achieving that.
“As part of our strategy to provide a range of decarbonisation solutions to corporates, BP is already investing in and working to develop a portfolio of industrial-scale hydrogen projects in Germany, the Netherlands, Spain, the UK and Australia.
“With our aligned ambitions and complementary investments, Thyssenkrupp Steel and BP can together help this hard-to-abate sector decarbonise faster.”
Thyssenkrupp Steel chief technology officer Arnd Kofler said: “The decarbonisation of the steel industry will require enormous quantities of low-carbon and in the long term green hydrogen. This will increasingly require the use of electricity from renewable sources.
“All this can only be achieved through a well-developed hydrogen infrastructure with a supra-regional pipeline network.
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