Sweden-based H2 Green Steel is in talks with the Canadian government to build a green steel plant in northern Quebec in line with its worldwide expansion plans, aiming to reduce carbon emissions, according to media reports.
The plant with an estimated investment of €3-6 billion is planned to be located in Sept-Iles, northeast of Montreal. The company plans to use hydrogen at the plant and employ 2,000 workers.
Meanwhile, H2 Green Steel will produce five million mt of green steel at the plant in Boden, Sweden by 2030, using renewable hydrogen. The company has already signed agreements with several companies, from steel suppliers to automotive manufacturers, to supply green steel from the Boden plant, as SteelOrbis previously reported.