RWE and ArcelorMittal ink major wind farm and green hydrogen deal

A series of new offshore wind farms and hydrogen facilities to supply the renewable energy and green hydrogen required for low-emissions steel production in Germany are set to be built following the signing of a memorandum of understanding between energy company RWE and steel producer ArcelorMittal. In a statement the two firms said the partnership … Read more

UK government ‘lacks ambition’ on green steel, MPs warns

The future of the UK’s steel industry is under threat unless investment is made in new technologies to decarbonise production, but government green steel initiatives to date remain vastly underpowered, Parliament’s Environmental Audit Committee (EAC) has warned. A report by the MP select committee today argues current UK government efforts geared towards slashing the climate … Read more

ArcelorMittal plots $100m-a-year green steel innovation investment fund

ArcelorMittal is aiming to invest up to $100m per year in “transformative technologies” and innovations offering the potential to speed up decarbonisation of the steel sector as part of a new green steel innovation fund launched last week. The steelmaking giant said the XCarb Innovation Fund would also provide start-ups with “advice and expertise in … Read more