The HYMET project was started by Celsa Group, a pioneer in the production of low-emission, circular steel in Europe. Its goal is to research new technologies that can be used in the steel industry to decarbonize production by using renewable raw materials like hydrogen and to value process byproducts.
An estimated 5.8 million euros will be spent on the HYMET project overall (USD 5.9 mln).
The study and technological development of three future vectors for decarbonization and industrial circularity are proposed by HYMET, including the recovery of industrial waste (primarily the husk produced in rolling mills) through an innovative reduction reactor using renewable reducing agents; the production of green hydrogen through high efficiency electrolysis technologies; and finally, the study of CO2 capture and its integration once more through the use of high efficiency electrolysis technologies.
The strategic goals of Celsa Group aim to achieve full circularity within the next five years and transform into a Net Positive business by 2040, 10 years earlier than the European Union's decarbonization projections. Due to this, HYMET presents a viable route towards the business's medium- and long-term goals for the circular steel manufacturing company, which now produces 70,000 tons of by-products annually in Spain, of which 90 percent are valued.
Following a preliminary period of research and technical development, Celsa Group will keep making investments up until the commercialization of the project's findings.
The materials and information on this article have been prepared or assembled by Viet Nam Steel and are intended for informational purposes only.
