ESSEN, Germany, June 13 (Reuters) - Thyssenkrupp (TKAG.DE) Steel Europe will put forward plans
for a delayed green steel plant at Duisburg in August, its CEO said.
The plans are meant to enable Thyssenkrupp to switch to direct
reduction steelmaking, to gradually replace the fossil fuels based,
conventional blast furnace route at its site.
Germany's government last year earmarked 2 billion euros in
subsidies for the plan to support the steelmaker's goal of climate-neutral
production by 2045 at the latest.
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"We will put the first proposals on the table in
August," Bernhard Osburg said at a Handelsblatt hydrogen conference.
He referred to a tender process for the production of hydrogen
from renewable sources, for which initially Iqony, an offshoot of nearby coal
power utility Steag, had been earmarked.
"This is safe for us and the provider side too,"
Osburg said during a panel session at the event on Thursday