[Hydnum Steel obtains funding for first clean steel plant in Iberian Peninsula]

Published: Aug 6, 2026 16:16

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Hydnum Steel has secured a €150m investment commitment from COFIDES via the Co-investment Fund for the Iberian Peninsula's first clean steel facility in Puertollano. This funding is part of a €1.5bn+ financial strategy consisting of ~€600m in equity and ~€1bn in debt. The plant will use EAFs powered by green hydrogen and 100% renewable electricity, cutting CO₂ emissions by up to 98% versus conventional blast furnaces. Construction is scheduled to begin by end-2026, creating over 5,000 total jobs.

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