In Portugal, EDP and steel company ArcelorMittal Tubarão signed a Memorandum of Understanding (MoU) to assess the technical and economic feasibility of a pilot project for the production and use of green hydrogen in the steelmaking process.
Through this project, ArcelorMittal Tubarão also aims to boost steel production with low carbon emissions. In the first stage of the project, the technical, economic and environmental aspects of the project will be assessed. The scopes and requirements necessary for its implementation will also be defined, establishing a solid basis for decisions regarding the following stages of the partnership.
The study for this partnership began in August, when the working groups from different areas – such as engineering, project development, environmental, utilities, regulation, and finance – began liaising, working in a collaborative and integrated manner to identify possible mutually beneficial business models. The partners said that the feasibility of installing a pilot plant will be assessed according to the results obtained in the various stages of the study, mainly in the Project Definition Stage. In this phase, the investment forecast and the whole project feasibility results will be analyzed in detail to enable a decision to implement the hydrogen project. The study should be completed within a year, the partners added.
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