bp and thyssenkrupp Steel aim for green steel production

thyssenkrupp Steel accounts for 2.5 per cent of CO2 emissions in Germany, mainly at the Duisburg site where the main emitters, the blast furnaces, are operated. By replacing the coal-fired blast furnaces with direct reduction plants, where iron ore is reduced with low-carbon hydrogen, thyssenkrupp Steel intends to make steel production climate-neutral in the long term. 

The companies will explore supply options for blue and green hydrogen, as well as power from wind and solar generation through the use of power purchase agreements.

William Lin, bp executive vice president regions, cities and solutions said that bp is already investing in developing a portfolio of industrial-scale hydrogen projects in Germany, the Netherlands, Spain, the UK and Australia as part of its decarbonisation strategy.

“The steel and energy industries have of course long been closely linked,” he commented. “We provide fuel and feedstock for steel production while our platforms, pipelines, and turbine towers are made from steel.