Green Steel

Build a world-scale plant of ~4 Mtpa green hydrogen-based steel slabs production. The plant will leverage KSA’s low-cost electricity to enable hydrogen-based DRI. The project will commence utilizing 30% green hydrogen for DRI at first, and scale up progressively to use 100% green hydrogen over a period of 5 years


Mining and Metals
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Investment Highlights

  • Capacity to develop cost-effective renewable energy supply essential
  • High carbon emission intensity of 1.85 tons of CO2 per ton
  • High risk countries account for >30% of global steel trade

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