Opening of the HBI plant in Texas marks start of a new era at voestalpine
With the completion of the direct reduction plant in Corpus Christi, Texas, the voestalpine Group has set a further milestone in implementing its international growth strategy: today, after around two-and-a-half years of construction, the world’s largest and most state-of-the-art plant of its type was officially opened. At EUR 550 million (USD 740 million), the plant is the largest investment ever made in the US by an Austrian company. Each year it will produce two million tonnes of high-quality HBI (Hot Briquetted Iron, or sponge iron), a sophisticated pre-material used in steel production. The plant is already regarded as an environmental benchmark and is an important first step on voestalpine’s path of reducing CO2 emissions in steel production.