{"id":318082,"date":"2022-06-30T14:59:53","date_gmt":"2022-06-30T12:59:53","guid":{"rendered":"https:\/\/www.groupeidec.com\/actualite\/gravithy-societe-precurseur-sur-le-marche-du-fer-et-de-lacier-vert-est-lancee-aujourdhui-par-un-consortium-industriel-de-classe-mondiale\/"},"modified":"2022-06-30T15:18:00","modified_gmt":"2022-06-30T13:18:00","slug":"gravithy-societe-precurseur-sur-le-marche-du-fer-et-de-lacier-vert-est-lancee-aujourdhui-par-un-consortium-industriel-de-classe-mondiale","status":"publish","type":"actualite","link":"https:\/\/www.groupeidec.com\/en\/actualite\/gravithy-societe-precurseur-sur-le-marche-du-fer-et-de-lacier-vert-est-lancee-aujourdhui-par-un-consortium-industriel-de-classe-mondiale\/","title":{"rendered":"GravitHy, imminent market leader in green iron and steel, is launched today by world-class industrial consortium"},"content":{"rendered":"
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Backed by EIT InnoEnergy, Engie New Ventures, FORVIA, GROUPE IDEC, Plug, and Primetals Technologies, GravitHy plans to build, own and operate its first green iron and steel plant in France, mobilising 2,2B\u20ac worth of initial investment, creating over 3,000 new jobs.<\/h6>\n\r\n\t\t<\/div>\r\n\t<\/div><\/div><\/div><\/div>
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30 June 2022<\/strong>: A consortium composed of EIT InnoEnergy, the innovation engine for sustainable energy supported by the European Institute of Innovation & Technology, a body of the European Union (EU), Engie New Ventures, Plug, FORVIA, GROUPE IDEC through GROUPE IDEC INVEST INNOVATION and Primetals Technoloiges as a partner of the consortium, today launch GravitHy \u2013 a future market leader in green steel. The fully sustainable iron and steel company will support the growing demand for zero carbon steel, whilst contributing to Europe\u2019s \u201cFit for 55\u201d package ambitions to decarbonise hard-to-abate industries. The project, which plans to mobilise 2,2B\u20ac worth of investment at commissioning, will build its first plant in the area of Fos sur Mer, Southern France, with construction commencing in 2024. The company aims for the plant to be fully operational by 2027, subject to any required regulatory approvals. GravitHy has an ambition to produce, an annual throughput of 2 million tons of Direct Reduced Iron (DRI) and to create over 3,000 direct and indirect jobs for the region.<\/p>\n

The steel sector is responsible for 8% of the global energy demand and 7% of the energy sector CO2 emissions (including process emissions) annually \u2013 making it one of the biggest carbon emitting industries. GravitHy will support in easing emissions from this industry by generating and using green and low-carbon hydrogen to produce DRI. The DRI will used either on-site as a feedstock for green steel or traded globally under the form of Hot-Briquetted Iron (HBI). This directly contributes to the decarbonisation of the hard-to-abate value chain of steelmaking and supports the EU\u2019s ambition of carbon neutrality by 2050.
\nKarine Vernier, Consortium Leader of GravitHy, comments: \u201cThere is considerable appetite to transform energy-intensive industries in France, with the steel sector high on the agenda. GravitHy will be a vital component in the French government\u2019s proposed steel roadmap and its ambitions to cut CO2 emissions by 40 percent by 2030. It\u2019s time to make a step-change in technology, to replace old blast furnaces with DRIs using produced from green and low-carbon hydrogen and combined with electric arc furnaces. Together, with our partners, we are committed to tackling this challenge by being an enabler of industrial value chains and clean tech innovation. With GravitHy\u2019s first plant, we will be positioned in a location with easy access to European trade markets, so we can increase the security of steel supply on the continent.\u201d
\nAgn\u00e8s Pannier-Runacher, French Minister for Energy Transition, declared: \u201cWe must make our country the first major nation to transition completely from fossil fuels. For this, we need our industry to develop the innovative decarbonisation solutions required for today and tomorrow. GravitHy is an emblematic initiative that responds to these challenges which will contribute to and support the vital decarbonisation of the steel sector. This large-scale industrial project will also contribute to structuring our national decarnoised hydrogren production sector.\u201d<\/p>\n

GravitHy\u2019s roster of world-class founders has been brought together on the basis of cross-sector collaboration and skills sharing. EIT InnoEnergy, the world’s largest investor in sustainable energy innovations, will provide its business acceleration services through its European Green Hydrogen Acceleration Center (EGHAC), supported by Breakthrough Energy. EGHAC, was set up to serve as a key enabler of industrial value chains and clean tech innovation, with the aim of developing an annual \u20ac100B green hydrogen economy by 2025. Engie offers deep knowledge of hydrogen, renewables and electricity markets. Plug offers experience on integrated hydrogen projects and is a leading manufacturer of electrolysers. The GROUPE IDEC, a major player in all segments of the real estate market (development, investment, design-build, energy), will provide the support in the search for land. Primetals Technologies will add to this, providing cutting edge technology and expertise to enable green and low carbon steel production, whilst FORVIA will represent the off-take side of the value chain.<\/p>\n

Thierry Breton, European Commissioner for Internal Market, adds: “Given the geopolitical, energy and industrial situation we are experiencing, Europe has a strategic interest in developing a thriving hydrogen economy. The European Commission is working to establish a regulatory and financial framework conducive to the emergence of European value chains that will ensure European industrial leadership in this field. The GravitHy project is an important milestone and will contribute to our European goal of producing 10 million tonnes of clean hydrogen by 2030.\u201d<\/p>\n\r\n\t\t<\/div>\r\n\t\n\t

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About GravitHy<\/h5>\n

Launched in 2022, GravitHy is a sustainable iron and steel company, with its first plant located in Fos-sur-Mer, Southern France. Gravithy will address the growing demand for green iron and steel. It will support in easing emissions from the steel industry by generating and using green and low-carbon hydrogen to produce DRI. The DRI will be used onsite as a feedstock for green steel or traded globally under the form of Hot-Briquetted Iron (HBI).<\/p>\n

The company\u2019s shareholders are EIT InnoEnergy, the innovation engine for sustainable energy supported by the European Institute of Innovation & Technology, a body of the European Union (EU), Engie New Ventures, FORVIA, le GROUPE IDEC, Plug, and Primetals Technologies.<\/p>\n

www.gravithy.eu<\/a><\/p>\n\r\n\t\t<\/div>\r\n\t<\/div><\/div><\/div><\/div>

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Soutenue par EIT InnoEnergy, Engie New Ventures, FORVIA, le GROUPE IDEC, Plug et Primetals Technologies, la soci\u00e9t\u00e9 GravitHy pr\u00e9voit la construction et l\u2019exploitation de sa premi\u00e8re usine de fer et d’acier vert en France. L\u2019investissement global mobilis\u00e9 pour cette premi\u00e8re usine s\u2019\u00e9l\u00e8vera \u00e0 2,2 milliards d’euros et permettra la cr\u00e9ation de plus de 3 000 nouveaux emplois.<\/p>\n","protected":false},"author":6,"featured_media":318078,"template":"","meta":{"inline_featured_image":false},"categories":[136],"class_list":["post-318082","actualite","type-actualite","status-publish","has-post-thumbnail","hentry","category-corporate-en"],"yoast_head":"\nGravitHy, imminent market leader in green iron and steel, is launched today by world-class industrial consortium - GROUPE IDEC<\/title>\n<meta name=\"description\" content=\"Le GROUPE IDEC, int\u00e9gr\u00e9 depuis ses d\u00e9buts au capital de Verkor accompagne l\u2019entreprise dans la conception et la construction de son Verkor Innovation Centre (VIC) dont son implantation \u00e0 Grenoble vient d\u2019\u00eatre officialis\u00e9e. 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