It may take over a decade to adopt viable methods of green steel production to meet carbon-neutral goals, Chairman of the World Steel Association Sajjan Jindal said.
Green steel is Voestalpine’s ambitious phased plan for the long-term decarbonization of steel production. As a first step, the Group is now offering a CO2-reduced Edition of all the flat steel products manufactured by its Steel Division in Linz.
Steel production could be made with almost no carbon emissions through US$278 billion of extra investment by 2050.
Swedish H2 Green Steel and Iberdrola announced a partnership to build a «green» hydrogen plant on the Iberian peninsula for 2.3 billion euros.
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.
