VINCI Secures Contract for Green Hydrogen Steel Plant in Germany
Key Ideas
- Cobra IS, a VINCI subsidiary, has won a €74 million contract to carry out piping and mechanical works for Thyssenkrupp Steel Europe's steel production plant in Duisburg, Germany.
- The steel plant will have an annual capacity of 2.5 million tonnes of Direct Reduced Iron (DRI) and will operate solely on green hydrogen, aiming to save up to 3.5 million tonnes of CO2 emissions per year.
- This project marks a significant milestone in transitioning towards environmentally friendly technologies and reducing the carbon footprint of the steel industry in Germany.
- VINCI, a global player in concessions, energy, and construction, emphasizes sustainable practices in its projects, aiming to create long-term value for various stakeholders while operating in an environmentally and socially responsible manner.
Cobra IS, a subsidiary of VINCI, has been awarded a €74 million contract by SMS Group GmbH to undertake piping and mechanical works for a section of Thyssenkrupp Steel Europe's steel production plant in Duisburg, Germany. This plant, with a capacity of 2.5 million tonnes of Direct Reduced Iron (DRI) annually, will be the first in Germany to operate entirely on green hydrogen. By using green hydrogen, the plant aims to avoid approximately 3.5 million tonnes of CO2 emissions each year, contributing significantly to reducing its environmental impact.
The project signifies a crucial shift towards sustainable practices in the steel industry, marking a transition from high-carbon operations to more environmentally friendly technologies. VINCI, a renowned global player in concessions, energy, and construction sectors, is dedicated to promoting sustainable infrastructure development. With a workforce of 280,000 employees across over 120 countries, VINCI focuses on enhancing daily life and mobility through its projects while prioritizing environmental and social responsibility.
This contract win for the green hydrogen steel plant in Germany exemplifies VINCI's commitment to sustainable operations and signifies a step forward in the industrial sector's efforts to adopt cleaner technologies. By prioritizing environmentally friendly practices and engaging in dialogue with stakeholders, VINCI aims to create lasting value for its customers, shareholders, employees, partners, and society at large.