Hydnum Steel has secured €60 million ($68.3 million) in Spanish government funding to build the Iberian Peninsula's first green flat steel mill in Puertollano. The plant targets 1.5 million metric tons of annual output using fossil-free energy & green hydrogen. A consortium of Helvella, Siemens, ABEI Energy, & Russula Corp backs the project. The World Economic Forum ranks it among the five most important industrial decarbonisation initiatives on the planet.