Steel-giant thyssenkrupp has announced it will invest €2bn ($2.01bn) to transform its plant in Duisburg, Germany into ‘one of the largest’ hydrogen-powered direct reduction plants.

The move comes as the company looks to clean up its steel production operations. It anticipates the plant will boast a production capacity of 2.5 million tonnes of direct reduced iron, which could provide its customers with two million tonnes of low-carbon steel each year.