Swedish innovative green steel facility in is among the seven winners of a total of €1.1bn ($1.25bn) in grants from the EU’s Innovation Fund.
The Canada Infrastructure Bank (CIB) and Algoma Steel Inc. have entered into a definitive agreement with respect to the CIB’s previously announced commitment to finance the transformational upgrade of Algoma’s steelmaking processes at its facility in Sault Ste. Marie, Ontario.
Leading Chinese and global metallurgical group Baowu announced the establishment of a global alliance to promote innovations in the low-carbon metallurgy (Global Low-Carbon Metallurgical Innovation Alliance) for joint control of greenhouse gas emissions and climate change.
Decarbonization of the steel industry in China implies a gradual replacement of converters with electro-metallurgical plants. Such information is contained in the road map presented by the China Metallurgical Industry Research Institute (MPI).
Honda has asked its major parts suppliers to achieve net zero carbon dioxide emissions by 2050, a source familiar with the request said Tuesday, making the automaker the first in Japan to roll out a long-term reduction plan for a whole supply chain.
The European Commission has announced an investment of over €1.1 billion into seven large-scale innovative projects.
