Spain’s First Eco-Friendly Steel Plant

Published: Aug 10, 2026 16:05

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Hydnum Steel has secured a €150 million investment from COFIDES, Spain’s state-owned development finance institution, to build the Iberian Peninsula’s first eco-friendly steel plant in Puertollano, Ciudad Real. The plant will produce 2.7 million metric tons of steel sheet per year using EAF technology powered by renewable electricity and green hydrogen, thereby reducing emissions by up to 98% compared to conventional steelmaking processes using blast furnaces. This investment is part of a broader €1.5 billion financing package supported by Spain’s PERTE II decarbonization program. The program will help meet the demand for eco-friendly steel while reducing environmental impact.

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