Aeternus Steel Announces $4.5B Hydrogen-Powered Industrial Project

In a significant move, Aeternus Steel Company Ltd announced a US$4.5 billion investment to build two hydrogen-powered iron plants, promising to redefine the Caribbean’s industrial landscape. The plants will be located in La Brea’s Union Industrial Estate, a much-anticipated site for industrial growth. This development signifies a crucial transition for Trinidad and Tobago’s energy sector towards sustainable, high-value manufacturing. The facilities will use Direct Reduced Iron (DRI) technology, with cognitive hydrogen systems powering the plants. The plants’ primary output will be Hot Briquetted Iron (HBI), a sought-after product in the global steel market known for its low impurity content and environmental advantages. The project is one of the country’s largest private sector industrial investments in recent history and is expected to create numerous job opportunities, contribute to decarbonization efforts and position Trinidad as a significant international steel supplier.

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