Roba Metals signs off-take agreement with H2GS

The Netherlands’ Roba Metals has signed a seven-year agreement to procure low-emission steel from H2 Green Steel (H2GS)’s future facility in Boden-Luleå, Sweden. The total value of the transaction is about €150 million ($157m), Kallanish learns from Roba Metals.

Since 2021, H2GS has raised more than €1.8 billion of equity in three financing rounds. Its greenfield low-carbon steelmaking plant in Sweden will start producing by the end of 2025, with a ramp-up in 2026. Capacity of 5 million tonnes/year is targeted by 2030. Roba Metals expects its first deliveries in 2026.

“We look forward to having the opportunity to offer our customers the option of near-zero emissions steel from H2 Green Steel as part of our product range in the near future … Not only steel producers, but also stainless steel and aluminium producers are investing heavily in CO2 reduction,” Roba Metals says in a note.

Among the several offtake agreements H2GS has secured, Italian steelmaker and re-roller Marcegaglia, an investor in the company, also signed in May a seven-year off-take agreement. The Boden facility will supply Marcegaglia’s plants in southern Europe, the UK and Poland with low-emissions hot and cold rolled, as well as hot-dipped galvanised coil (see Kallanish passim).

Natalia Capra France