thyssenkrupp is concluding negotiations to revise financing for its EUR 3 billion direct reduced iron (DRI) plant in Duisburg, adapting to new economic conditions and delayed hydrogen implementation.

Government authorities from Germany and North Rhine-Westphalia fund two-thirds of the total investment. Because mandatory hydrogen utilization proved unrealistic, thyssenkrupp negotiated regulatory changes with the European Commission and the German government to preserve state subsidies without an immediate hydrogen transition.

Thyssenkrupp’s Chief Financial Officer Axel Hamann said that the European Commission approved the amended funding rules as fully compliant with EU state aid legislation. This approval enables the federal government to promptly enact updated decisions, securing uninterrupted financial support and ensuring the ongoing progress of the environmental project.