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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Salzgitter AG | TG:SZG | Tradegate | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.06 | -0.27% | 22.32 | 22.18 | 22.36 | 22.52 | 21.96 | 22.52 | 21,130 | 20:59:25 |
From May 2023 to May 2024
By Pierre Bertrand
Salzgitter said Wednesday that it has ordered a green-hydrogen plant from Andritz Group as part of its decarbonization effort.
The German steel company said Andritz will supply the 100 megawatt electrolysis plant at its Salzgitter Flachstahl site.
Starting in 2026, the plant will produce around 9,000 metric tons of green hydrogen annually. The hydrogen will be used to supplant coal from the company's steelmaking processes, Salzgitter said.
It added that this order is the last for the plants and systems needed for the first stage of its decarbonization plan.
In April, the company said it had received almost 1 billion euros ($1.07 billion) in combined German and Lower Saxony government funding for its low-carbon steelmaking program, known as Salcos.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
September 20, 2023 06:18 ET (10:18 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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