During a recent conference in Fortaleza, the CEO of ArcelorMittal Pecem, Erick Torres, revealed that he has been granted approval by the company's headquarters to invest $9 million in a feasibility study for the construction of a rolling mill. The announcement was made as part of a discussion on renewable energy in the state, which included prominent industry players like Fortescue, Casa dos Ventos, Vestas, Aeris, and ArcelorMittal.
Torres emphasized that the forthcoming project will center on the production of high-quality flat green steel products, with a strong reliance on green hydrogen generated at a hydrogen production hub situated in the Port of Pecem. He also noted that if the rolling mill project gains approval, the Pecem plant could potentially secure all the hydrogen produced at the hub.
Furthermore, Fernando Elias, the manager of wind energy producer Casa dos Ventos, underscored the need for government-led auctions to establish new transmission lines connecting green energy facilities to the Port of Pecem. This is seen as a crucial step to address current issues of congestion on existing transmission lines and to facilitate the smooth commencement of operations at the hydrogen hub.
Vietnam Steel by Hoa Sen Group