ArcelorMittal SA - RWE and ArcelorMittal intend to jointly build and operate offshore wind farms and hydrogen facilities, for low-emissions steelmaking
- Jun 23, 2022 4:41 am GMT
Energy company RWE and steel producer ArcelorMittal have signed a memorandum of understanding to work together to develop, build and operate offshore wind farms and hydrogen facilities that will supply the renewable energy and green hydrogen required to produce low-emissions steel in
- New wind farms to cover a large part of growing ArcelorMittal's electricity requirements in
Germany, subject to regulatory framework
- The "Wind Energy at Sea Act" needs to be amended to enable wind power prices that keep German industry competitive and thus avoid "negative bids" in offshore wind tenders
- Development of electrolyser capacity to supply green hydrogen to steel production locations in Eisenhüttenstadt and
Bremen, starting with a pilot plant by 2026 (subject to public funding)
- Companies investigate use of low-emissions steel in components for renewable electricity infrastructure
The partnership centres on driving forward the production of carbon-neutral steel, with a plan to replace coal with wind power and green hydrogen as the main source of energy in steel production at ArcelorMittal's steelmaking sites in
To decarbonise its production sites in
RWE and ArcelorMittal are assessing options for joint participation in tenders for offshore wind farm sites in the
RWE and ArcelorMittal also want to work together on the development of green hydrogen, by jointly looking for areas where electrolysis plants can be built to supply the steel production sites in
With the combination of RWE's expertise in offshore wind farms and electrolysers, and ArcelorMittal as a guaranteed buyer of the green electricity and hydrogen, the two companies believe they have excellent opportunities for a viable partnership arrangement. RWE and ArcelorMittal intend to conclude long-term purchase agreements for both wind power and green hydrogen.
Sven Utermöhlen, CEO Offshore Wind, RWE Renewables: "Electricity from renewable energies and green hydrogen must become the hallmark of industrial production in
As the world's leading steel producer, ArcelorMittal has ambitious climate action goals, including a target to reduce CO2 emissions by 35% by 2030 in
In addition to the partnership on renewable electricity and green hydrogen, the companies want to investigate possible uses for ArcelorMittal's low-emissions steel in components for RWE's renewable electricity plants. RWE wants to be climate-neutral by 2040. To achieve this goal, the energy company needs to decarbonise its supply chain, and the use of low-emissions steel will make an important contribution to this.
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RWE is leading the way to a green energy world. With an extensive investment and growth strategy, the company will expand its powerful, green generation capacity to 50 gigawatts internationally by 2030. RWE is investing €50 billion gross for this purpose in this decade. The portfolio is based on offshore and onshore wind, solar, hydrogen, batteries, biomass and gas.
With a production volume of around 8 million tons of crude steel, ArcelorMittal is one of the largest steel producers in
ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and primary steelmaking facilities in 16 countries. In 2021, ArcelorMittal had revenues of
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