The Spanish company submitted a priority project application to the regional government of Castilla-La Mancha
Spanish company Hydnum Steel (HS) claims to be making progress in its plan to build the first green steel factory in the Iberian Peninsula. This is reported by Kallanish .
The project involves Helvella, Siemens, ABEI Energy and Russula Corporation. Production is planned to be located in Puertoiano (Castile-La Mancha region).
According to HS, a request for a priority project for the construction of the plant was presented to the regional government. The procedure confirms the justification of its social and economic interest at a regional level, as well as its public utility and strategic nature.
Recognition of the project as a priority guarantees a preferential administrative procedure and accelerated implementation, especially in terms of spatial planning and urban planning. Among other benefits, it provides economic and financial incentives.
The plant is designed to utilize non-fossil energy throughout the production process and to gradually introduce green hydrogen into the process to significantly reduce carbon emissions.
According to Spanish newspaper La Comarca de Puertollano, Hydnum Steel will create more than 1,100 direct jobs, around half of them in the first and second phases of the project. The plant will come into operation in 2026, with investments exceeding 1.65 million euros. Its initial production capacity is expected to be 1.5 million tons of hot-rolled coils per year and will increase to 2.6 million tons in 2030.
As Compraço previously reported, Sweden's H2 Green Steel has signed definitive debt financing agreements worth €4.2 billion to finance its green steel project. The startup also increased its previously announced capital raise by €300 million and received a €250 million grant from the EU Innovation Fund.
