Volkswagen continues to secure supply of green steel
19 Jun 2024|35 views
Volkswagen has signed a memorandum of understanding with Vulcan Green Steel. The memorandum will see Volkswagen utilising the firm’s green steel in its production and comes after collaborations with other green steel producers including Salzgitter AG and H2 Green Steel.
Vulcan Green Steel is part of the Jindal Steel Group, a diversified industrial conglomerate with steel, iron ore mining, and energy operations as well as activities in India, Oman, Africa and Australia.
Vulcan Green Steel will produce automotive grades and other high-strength steels in Oman starting from 2027. Its Duqm operations will initially make use of natural gas, however, later operations at the site are set to make the switch over to green energy. The firm states that this move will cut its emissions by 70%. The facility is currently in the construction phase and is slated to come on stream in 2026.
The firm states that the high wind speeds and strong, continuous solar radiation in Oman create ideal conditions for generating green power from wind and solar energy - an essential basis for the production of low-carbon steel using green hydrogen.
Volkswagen has signed a memorandum of understanding with Vulcan Green Steel. The memorandum will see Volkswagen utilising the firm’s green steel in its production and comes after collaborations with other green steel producers including Salzgitter AG and H2 Green Steel.
Vulcan Green Steel is part of the Jindal Steel Group, a diversified industrial conglomerate with steel, iron ore mining, and energy operations as well as activities in India, Oman, Africa and Australia.
Vulcan Green Steel will produce automotive grades and other high-strength steels in Oman starting from 2027. Its Duqm operations will initially make use of natural gas, however, later operations at the site are set to make the switch over to green energy. The firm states that this move will cut its emissions by 70%. The facility is currently in the construction phase and is slated to come on stream in 2026.
The firm states that the high wind speeds and strong, continuous solar radiation in Oman create ideal conditions for generating green power from wind and solar energy - an essential basis for the production of low-carbon steel using green hydrogen.
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