H2GS has signed 1.5mn t/yr in green steel offtake agreements
H2GS launches Brazilian hydrogen and green steel project
Swedish green steel startup partners with Hydro Havrand to explore green hydrogen production in Brazil, amid growing activity in the sector
Swedish green steel startup H2 Green Steel (H2GS) has signed a memorandum of understanding with Norwegian low-carbon energy firm Hydro Havrand to jointly explore large-scale green hydrogen development for use in steelmaking in Brazil and the Nordic countries. Brazil’s existing high renewables capacity—dominated primarily by hydropower—has made it increasingly attractive as a base for green hydrogen production and as a potential exporter of the gas or its products to Europe. The partners anticipate a Brazilian project could produce c.5mn t/yr of green steel through direct iron reduction in a plant owned by H2GS, abating approximately 9.5mn t/yr of CO₂. Both the hydrogen plant and direct-reduc
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