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Co-funded by the

European Union

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Energy efficiency

GravitHy

A sustainable iron and steel company

Early stage
Relevant markets:

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The need

Steel is a strategic material in the transition to a low carbon economy, but the coal used for its production is responsible for 7 percent of global CO2 emissions. Decarbonising the steel value chain is essential to achieving a C-neutral society. It can only be done by rethinking iron production.

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The solution

GravitHy plans to create a low-CO2 iron plant and to replicate its model outside France. Using hydrogen to react with iron ore avoids the high CO2 emissions of traditional methods. The product is direct reduced iron (DRI), which can be used as feedstock for low-CO2 steel production or can be traded in the form of hot briquetted iron (HBI). By decarbonising steel production, GravitHy supports the EU’s pledge of carbon neutrality and responds to a growing demand for low-CO2 steel products.

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The value proposition

  • Brings together the commitment and competencies of best-in-class, purpose-led stakeholders to redefine the way iron and steel are produced and sold worldwide.
  • Unites experienced professionals while attracting and forging young talents.
  • Plant designed with best available technologies.
  • Profitable business model based on cost competitiveness.
  • Excellence in a superior product line.
  • Works in close collaboration with players representing the entire value chain.

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Commercialised by

GravitHy
Les Docks Atrium 10.26 , Place de la Joliette 10 13002 Marseille, France
https://gravithy.eu/