# thyssenkrupp Steel awards €1.8B contract to SMS group for direct reduction plant

thyssenkrupp Steel placed an order with SMS group for engineering, delivery and construction of a hydrogen-powered direct reduction plant in Duisburg, with a capacity of 2.5 million metric tons of DRI per year, scheduled for completion by end of 2026.

- Type: Contract
- Announced: 2023-03-01
- Where: Duisburg, Germany, Germany
- Value: $1.90B (1.80B EUR)
- Status: announced
- Capacity: 2.5 million metric tons of DRI per year
- Products: direct reduced iron (DRI)
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [SMS group](https://endata.com/companies/2366.md) (supplier)
- [thyssenkrupp Steel](https://endata.com/companies/34054.md) (customer)

## Sources

- [sms-group.com](https://www.sms-group.com/press-and-media/press-releases/press-release-detail/thyssenkrupp-steel-awards-a-contract-worth-billions-of-euros-to-sms-group-for-a-direct-reduction-plant), 2023-03-01: "This marks the start of one of the biggest industrial decarbonization projects worldwide, which at one stroke will avoid more than 3.5 million metric tons of CO2 per year in the future."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.