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Country: France

  • The GravitHy plant will be set up in Fos-sur-Mer in 2024.
  • Its ambition is to deliver 2 million tonnes of prereduced iron ore, required for steelmaking, based on decarbonated hydrogen produced directly on site.
  • Backed by EIT InnoEnergy, Engie New Ventures, FORVIA, GROUPE IDEC, Plug and Primetals Technologies, GravitHy plans to build and operate its first green iron and steel plant in France.
  • The total investment mobilized for this first plant will amount to 2.2 billion euros, and will create over 3,000 new jobs.

News

Gravithy believes in carbon-free steel at Fos-sur-Mer 01/07/2023

  • GravitHy's objective is to produce pre-reduced iron ore by 2027, with an industrial ramp-up to 2 million tonnes per year in 2028.
  • The project represents 500 direct jobs.
  • The total investment is 2.2 billion euros.
  • Western Europe consumes one hundred million tonnes of steel per year.
  • The project requires more than one gigawatt (GW) of electrical power, the equivalent of a modern nuclear reactor.
  • The challenge for GravitHy is to raise 2.2 billion euros by the end of 2024, before a final investment decision is made.
  • Gravithy's Swedish competitor, H2 Green Steel, is in the process of raising $1.5 billion from private investors.