Green Steel Production

CLIENT BUSINESS  MODEL

• Convert existing steel plants with Direct Reduced Iron  from coking coal to hydrogen
• Capture quickly the green steel market

FINANCIAL CHARACTERISTICS

• Opportunity to de-strand steel assets with subsidized  retrofit
• Reliable cash flows

EQUITY STORY USP

• Players will rush to become market leaders and scale-up rapidly
• “Winners take all” kind of market

MARKET POTENTIAL

90 Mt of STEEL

Representing more than 10 Mt of Hydrogen*

*First estimate based on an actual project