News-The German government decided to finance the ThyssenKrupp Green Steel project

According to foreign media, during the visit of Swedish Ambassador to Germany Per Thoresson to Duisburg, Germany, the Minister of Economy, Industry, Climate Protection and Energy of the German state of Nord Westphalia, Mona Neubaur, presented a funding decision worth 6.2 million euros ($6.64 million).

To support cooperation projects between ThyssenKrupp and the Steel Research Center of the German Iron and Steel Association. The project will investigate how to liquefy sponge iron produced in direct reduced iron plants in innovative smelting furnaces and further produce hot iron.

At the same time, direct reduced iron plants can use green hydrogen for production, and combined with melting furnaces, to achieve carbon neutral steel production.