The introduction of the European Green Deal standards will accelerate the environmental modernization of the Ukrainian industry and its transition to green production technologies. In addition, domestic industrialists may get access to international financial resources.
Nippon Steel Corp., Japan’s top producer, is shifting its focus to recycling the metal as ambitious net-zero emission targets intensify a race to develop cleaner steel.
Australia’s largest metallurgical company BlueScope Steel will begin scheduled modernization (lining replacement) of blast furnace No. 6 with a capacity of 2.1 million tons of steel per year at the Port Kembla steel mill (New South Wales). The company does not believe that low-carbon steel-melting technologies are advanced enough to become a viable alternative.
Chinese corporation Jingye Group, owner of the steelmaking company British Steel, has announced its commitment to invest £ 1.2bn in “greening” blast furnaces at its Scunthorpe steel plant.
On February 5, 2021, the Committee on Environment of the European Parliament adopted a resolution to expand the scope of the future carbon tax (the so-called Carbon Border Adjustment Mechanism).
Carbon neutrality of the Australian economy, which the country’s Government intends to achieve by 2050, is possible only after the establishment of appropriate financial incentives to decarbonize the industry, writes the local newspaper The Sydney Morning Herald, citing a number of experts.
