Mercedes-Benz and H2 Green Steel announce agreements in both Europe and North America
Mercedes-Benz and H2 Green Steel have signed a binding agreement for the delivery of about 50.000 tonnes of green steel to the car maker’s European production annually. In a pioneer move Mercedes-Benz has also signed a memorandum of understanding with H2 Green Steel for the potential supply of green steel produced in North America.Mercedes-Benz was an early investor in H2 Green Steel and was also early out in confirming customer demand for green steel through an offtake agreement. This agreement has now been further developed into a binding agreement covering volumes of about 50.000 tonnes