A world-class industrial consortium composed of EIT InnoEnergy, Engie New Ventures, Plug, FORVIA, GROUPE IDEC and Primetals Technologies, have launched GravitHy – a future market leader in green iron. The sustainable iron company will support growing demand for zero-carbon steel, while contributing to Europe’s ‘Fit for 55’ package ambitions to decarbonise hard-to-abate industries. The founding shareholders of GravitHy plan to build, own and operate its first green iron plant in Fos sur Mer, France, mobilising €2.2bn worth of initial investment and creating over 3000 jobs in the process. Construction will commence in 2024 with production beginning in 2027.
For further information www.gravithy.eu