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    Home > Finance > Thyssenkrupp can't guarantee $3.3 billion green steel site will be economical, CEO says
    Finance

    Thyssenkrupp can't guarantee $3.3 billion green steel site will be economical, CEO says

    Published by Global Banking & Finance Review®

    Posted on March 19, 2025

    1 min read

    Last updated: January 24, 2026

    Thyssenkrupp can't guarantee $3.3 billion green steel site will be economical, CEO says - Finance news and analysis from Global Banking & Finance Review
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    Quick Summary

    Thyssenkrupp's $3.3 billion green steel project in Duisburg may not be viable without adequate green hydrogen, warns CEO Miguel Lopez.

    Thyssenkrupp's $3.3 Billion Green Steel Site Faces Challenges

    FRANKFURT (Reuters) - A planned 3-billion-euro ($3.3 billion) site Thyssenkrupp is building in Duisburg to make carbon-neutral steel could be stranded unless Germany ensures there's sufficient green hydrogen to supply it, the conglomerate's CEO said.

    "With this project we are not only pushing the boundaries of what is technologically feasible. We are also currently operating at the limits of economic viability. Or, as things stand today: beyond it," Miguel Lopez said.

    ($1 = 0.9180 euros)

    (Reporting by Christoph Steitz, Editing by Miranda Murray)

    Key Takeaways

    • •Thyssenkrupp is investing $3.3 billion in a green steel site.
    • •The project relies on sufficient green hydrogen supply.
    • •Economic viability of the site is currently uncertain.
    • •CEO Miguel Lopez highlights technological and economic limits.
    • •Germany's support is crucial for the project's success.

    Frequently Asked Questions about Thyssenkrupp can't guarantee $3.3 billion green steel site will be economical, CEO says

    1What is the main topic?

    The article discusses Thyssenkrupp's $3.3 billion investment in a green steel site in Duisburg and its economic challenges.

    2Why is green hydrogen important for the project?

    Green hydrogen is crucial for making the steel production process carbon-neutral, which is essential for the project's success.

    3Who is the CEO of Thyssenkrupp?

    The CEO of Thyssenkrupp is Miguel Lopez.

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