Posted on 20 Apr 2023
German cold-roller company Bilstein Gruppe has signed a seven-year agreement for the delivery of low-carbon-footprint steel from H2 Green Steel, Kallanish is told by the Swedish start-up.
Bilstein was an early investor in H2 Green Steel and one of its first customers to sign an off-take agreement for green steel. This agreement has been further detailed into a binding significant seven-year supply deal, with planned start of deliveries in 2026 from H2 Green Steel’s plant in Boden, northern Sweden.
“The ambitious positioning of H2 Green Steel with the aim of setting up a greenfield project with an optimum process thrilled us right from the beginning,” says Bilstein managing partner Marc T. Oehler. “The contract now signed is an important milestone for us on the way to ensuring that a large part of our raw material sourcing is ‘green’ by the end of the decade,” he adds. According to H2 Green Steel, the deal exceeds a value of €250 million ($274m).
The two companies also intend to work together to develop steel grades and share best practices on reducing carbon footprint. They will also develop a circular model to take back scrap from Bilstein’s production sites to be recycled in H2 Green Steel’s operations.
Family-owned Bilstein, headquartered in Hagen, is a market leader in the cold rolling industry. With more than 1,400 employees at production sites in Germany, the Czech Republic and the USA, it produces customer-specific cold-rolled steel grades for a wide range of industries.
Source:Kallanish
