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Historic Investment Project for Saarland’s Future Green Steel Industry: Eurice Contributes to Large-Scale Transformation Initiatives in Green Steel and Hydrogen Production

Recently, the Supervisory Boards of SHS – Stahl-Holding-Saar, Saarstahl AG and Aktien-Gesellschaft der Dillinger Hüttenwerke (Dillinger), the Board of Trustees of Montan-Stiftung-Saar, and the Board of Management of SHS – Stahl-Holding-Saar jointly resolved to invest EUR 3.5 billion (subject to the approval of public funds) to transform the steel industry in the Saarland and enable the production of green steel. The Supervisory Boards' decision clears the way for decarbonising Saarland's steel industry. As of 2027, up to 3.5 million tons of low-carbon steel will be produced annually in Saarland, and carbon emissions will be cut by 4.9 million tons.

This decision bolsters the pioneering role of Saarland's steel industry in switching production to "green" steel. SHS's declared goal is to become the European model for industrial carbon reduction.

Over the next few years leading up to 2027, in addition to the established blast furnace route, the new production line with an electric arc furnace (EAF) will be built at the Völklingen site and an EAF and direct reduced iron (DRI) plant for the production of sponge iron will be built at the Dillinger plant site. The newly developed branding "Pure Steel+" supports the transformation process in a media-effective way.

With this decarbonisation project, the regional steel industry is embarking on what is likely the largest investment in the history of Saarland and one of the most significant transformation projects in Europe.

Jörg Scherer, CEO of Eurice, welcomes this important and ambitious strategic decision, which paves the way to a carbon-neutral steel industry in the region: "The implementation of this large-scale investment project requires substantial financial support from national and European funding programmes. We are excited to collaborate in this challenging task, to ensure a smart transition to a regional Green Economy. Even more so, as we also contribute to complementary investment projects to build up a regional hydrogen value chain of hydrogen production, distribution and application."

Find out more about our portfolio of projects aiming to shape the European Industry of tomorrow here:

Read the full press release issued by Saarstahl here. For further information on the transformation process, visit Pure Steel+

Setting the course for the investment of EUR 3.5 billion in the future of Dillinger and Saarstahl. Photo credits: © SHS – Stahl-Holding-Saar
Setting the course for the investment of EUR 3.5 billion in the future of Dillinger and Saarstahl. Photo credits: © SHS – Stahl-Holding-Saar
About Eurice

Eurice offers knowledge-based consultancy services in project and innovation management.

Eurice Head Office
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Phone: +49 6894 388130
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Phone: +49 30 374415840