Swiss Steel subsidiary plans Lhyfe hydrogen unit


April 30, 2024

Swiss Steel subsidiary Ugitech has agreed with hydrogen group Lhyfe to install a green hydrogen facility at its site in Ugine in France’s Savoie region.

The companies have announced the memorandum of understanding for the green hydrogen production capacity, which Ugitech said would help decarbonise part of its steel production operations and local mobility.

Philippe Desorme, vice chief executive officer at Lhyfe, said: “The steel sector is a major consumer of fossil fuels and is one of the industrial sectors that should be decarbonised as a priority. The energy transition is going to become increasingly necessary to ensure the long-term survival of our industries, and green hydrogen is emerging as one of the pillars of this transition. It can and must now be deployed as quickly as possible, including in the steel sector.”

Read more