Hydnum Steel and Gonvarri Industries Sign €1 Billion Green Steel Supply Agreement

23 January, 2025 by
Hydnum Steel and Gonvarri Industries Sign €1 Billion Green Steel Supply Agreement
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Hydnum Steel (HS), Spain's first green steel plant, has announced a strategic partnership with Spanish multinational Gonvarri Industries to supply green steel over the initial seven years of operation. The contract, valued at approximately €1 billion, focuses on promoting the use of environmentally friendly steel in industries such as construction, energy, and automotive sectors.

The collaboration between HS and Gonvarri aims to provide high-quality products that adhere to stringent environmental standards. Additionally, the partnership will work on optimizing logistics to ensure efficient deliveries, developing low-emission transportation solutions, and promoting green steel within Spain and across Europe.

Gonvarri Industries' CEO, Josu Calvo, emphasized the importance of green steel in meeting the sustainability standards demanded by customers and society, stating that the agreement with Hydnum Steel reinforces this commitment.

Hydnum Steel is currently constructing an innovative green steel plant in Puerto Rico, Spain, with an initial production capacity of 1.5 million tons of rolled steel per year, which is planned to increase to 2.6 million tons in subsequent stages.

Gonvarri Industries specializes in processing flat steel products, aluminum, and metal solutions for sectors including renewable energy, infrastructure, and automotive, operating 59 plants across 21 countries.

This partnership signifies a significant step toward sustainable development in the steel industry, aligning with global efforts to reduce carbon emissions and promote environmentally responsible manufacturing practices.

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