Its roles Technology licensor Technology / equipment supplier
Midrex Technologies, Inc. is a U.S.-based process technology company specializing in the direct reduction of iron (DRI) for the steel industry. It develops and licenses the MIDREX Process, a continuous shaft furnace technology that converts iron ore into direct reduced iron or hot briquetted iron (HBI) using a reducing gas composed of hydrogen and carbon monoxide derived from natural gas or hydrogen.
Midrex provides process design, key equipment, control systems, start-up assistance, and operational support, working with engineering and construction partners to deliver plants worldwide. Its technology is widely deployed to supply DRI/HBI to electric arc furnace steelmakers and is used in configurations that enable significant CO2 reductions compared with traditional blast furnace routes. Hydrogen-enabled variants (often referred to as H2-MIDREX) allow further decarbonization when supplied with low-carbon hydrogen and renewable electricity. Midrex is headquartered in Charlotte, North Carolina, and is a wholly owned subsidiary of Kobe Steel, Ltd.
chemXplore tracks 3 projects involving Midrex, of which 3 are active.
3 more active projects are in the record. See all 3 in chemXplore →
Targets adjusted EBITDA ≥€1.2bn, an 11% margin and positive free cash flow; expects >€800m EBITDA uplift from self‑help measures and has implemented major restructuring steps.
Industry and academia presented projects across industry and mobility: HyLoop+ metrology, hydrogen turbines, a green-hydrogen steelworks, fuel-cell shipping and evolving refuelling infrastructure.
The agreement secures over 700MW capacity for a large-scale electrolysis plant in Boden, Sweden, using alkaline water electrolysis technology to produce green hydrogen for steel production.
The new plant will cost over €2 billion, cut CO2 emissions by 3.5 million tons, and produce 2.5 million tons of low-CO2 steel annually, starting in 2026. The project supports national and EU climate goals.
