Name of the Project
Iron-ore briquette plant.
Location
Puertollano, Spain.
Project Owner/s
Vale and Hydnum Steel.
Project Description
Vale and Hydnum Steel signed a memorandum of understanding in February 2024 to develop low-carbon solutions for steelmaking.
A feasibility study is being undertaken to evaluate the feasibility of building an iron-ore briquette plant in Hydnum Steel’s flagship project for green steel.
The plant will begin producing 1.5-million tons of rolled steel in 2026, and it is projected to have a capacity of 2.6-million tons a year starting from 2030. It will be built using next-generation technology designed to replace the use of fossil fuels with green hydrogen, thereby contributing to the decarbonisation of the sector.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Not stated.
Capital Expenditure
Not stated.
Planned Start/End Date
The plant will start producing rolled steel in 2026.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Vale media relations office, email imprensa@vale.com.