Hydnum Steel has been awarded €60 million in funding by the Spanish Government under the PERTE for Industrial Decarbonisation, part of the EU’s Next Generation EU programme. The funding will support the construction of southern Europe’s first green steel plant, located in Puertollano, Spain.
This pioneering project aligns with the EU’s goals of reindustrialisation, strategic autonomy, and climate neutrality, and represents a major step forward for sustainable flat steel production in Europe.
Hydnum Steel has already secured 75% of its initial production through strategic agreements with key industrial players, including Gonvarri Industries, Thyssenkrupp Materials Processing Europe, and Knauf Interfer.
The initiative also pays tribute to Agustín Escobar, one of the visionaries behind the project, whose legacy continues to inspire the plant’s mission.
The project has been declared a Priority Project by the Government of Castilla-La Mancha and recognised by the World Economic Forum as one of the five leading global projects in industrial decarbonisation.
For more information: hydnumsteel.com
