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PGS Selects Thyssenkrupp Nucera for Green Iron Project, Targeting 2029 Production Start

PGS and Thyssenkrupp Nucera join forces to revolutionize steel production. The ambitious project targets significant CO2 emission reductions and a 2029 production start.

It looks like a plant which is in green color.
It looks like a plant which is in green color.

PGS Selects Thyssenkrupp Nucera for Green Iron Project, Targeting 2029 Production Start

Progressive Green Solutions (PGS) has selected Thyssenkrupp Nucera as its preferred supplier for electrolyzers, marking a significant step in the Mid-West Green Iron project in Western Australia. The project aims to produce green iron pellets and reduce CO2 emissions substantially.

The electrolyzer plant, to be constructed by PGS, will utilise standardized 20-MW scalum® modules supplied by Thyssenkrupp Nucera. With a total capacity of 1.4 gigawatts, half of the green iron pellets produced will be further processed into 2.5 million tonnes of green hot briquetted iron (HBI). PGS plans to commence production in 2029, initially targeting seven million tonnes of green iron pellets annually, with long-term ambitions to expand to 30 million tonnes of green pellets and ten million tonnes of green HBI. Thyssenkrupp Nucera expects no significant impact on revenue and earnings until the fiscal year 2026/27, as the project is currently in its early planning phase and depends on the final investment decision (FID).

PGS aims to reduce CO2 emissions by 90% compared to conventional steel production. The company is working with Thyssenkrupp Nucera on project development, targeting an Engineering, Procurement, and Fabrication (EPF) contract. Other companies, such as ArcelorMittal, HydrogenPro, and Salzgitter AG, are also investing in green energy technologies and could have similar expansion plans.

The Mid-West Green Iron project, with PGS and Thyssenkrupp Nucera collaboration, is poised to significantly contribute to the green steel industry. With a planned start in 2029 and ambitious expansion targets, the project seeks to reduce CO2 emissions substantially and pave the way for a more sustainable steel production future.

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