Billion-Euro German Steel Decarbonization Project Kicks Off

German Minister for Economic Affairs and Climate Action Robert Habeck delivered the official notice of funding to the steelmaker for its DRIBE2 project. The ArcelorMittal project is being underwritten by the northern city and regional state of Bremen, the German national government and the European Union.

DRIBE 2 encompasses a direct reduction facility (DRI plant) in Bremen as well as three electric arc furnaces in that city and the eastern town of Eisenhüttenstadt. It’s the fourth major project aimed at decarbonizing the steel industry in Germany. 

“With DRIBE2, all four major decarbonization projects of primary steel production in Germany have received official notices of funding,” said Habeck in a statement. “Steel producers of the largest emitters of carbon dioxide in our country. Their transformation toward carbon neutrality is not a huge contribution to climate protection. It’s also a signal that climate protection, industry and jobs go hand in hand. Beyond that, as major consumers the steel projects will contribute significantly to the ramping up of the hydrogen economy.”