Name of the Project
Scrap metals recycling steel rebar mill.
Location
Arkansas, in the US.
Project Owner/s
Scrap metal recycling company Hybar in partnership with KM&T, TPG Rise Climate and Global Principal Partners.
Project Description
Hybar is building a technologically advanced, environmentally sustainable scrap metals recycling steel rebar mill. The mill will produce a full complement of high-yielding rebar that will primarily be used in large infrastructure projects.
The mill will produce 630 000 t/y of rebar. Hybar’s technology is designed to significantly reduce the amount of energy needed to produce rebar, especially when compared with other rebar mills in North America, many of which were built more than 30 years ago.
The technology will also significantly limit greenhouse-gas emissions: Hybar expects its emissions to be the lowest among all North American steel producers, and likely the lowest in the world's steel making community. The mill will be powered by an adjacent 105 MW solar power plant and battery storage facility.
This will enable the company to know with certainty that during certain periods of the day, the electricity being used to run the mill is being generated from 100% renewable sources.
Potential Job Creation
About 154 jobs are expected to be created.
Capital Expenditure
$470-million.
Planned Start/End Date
The project is expected to take 22 months to build.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
SMS Group (mill technology, including the water treatment facility); and Primetals Technologies (substation).
Contact Details for Project Information
Global Principal Partners, email info@globalprincipal.com.
