Brief: Lhyfe And Ugitech Sign MoU To Decarbonise Steelmaker's Operations Using Green Hydrogen

Swiss Steel Holding AG

30/04/2024 06:32

April 30 (Reuters) - Lhyfe SA  LHYFE.PA :
    * LHYFE AND SWISS STEEL GROUP SUBSIDIARY UGITECH SIGN AN MOU
TO
DECARBONISE STEELMAKER'S OPERATIONS USING GREEN HYDROGEN
    * THIS IS FIRST AGREEMENT IN EUROPE TO REPLACE FOSSIL FUELS
WITH
GREEN HYDROGEN IN STAINLESS STEEL SECTOR.
    * PLANS TO PRODUCE UP TO TWELVE TONNES PER DAY TO
DECARBONISE
UGITECH'S OPERATIONS AND DEVELOP HYDROGEN MOBILITY IN REGION
    * TWO PARTNERS ARE NOW ENTERING FEASIBILITY STUDY PHASE OF
PROJECT.

Source text for Eikon:  ID:nACT85471 
Further company coverage:  LHYFE.PA 

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