Swedish automotive giant Volvo Group plans to produce the world’s first vehicles to be made from fossil fuel-free steel, with the first vehicles expected later this year.
China is rolling out proposals related to its goal of hitting peak carbon emissions by 2030, including setting an emission peak target for the steel sector at 2025.
ArcelorMittal is looking for partners and public funding to curb carbon emissions from steelmaking in its German operations where alternative technology plans are far advanced, the European head of the world’s biggest steel producer said.
European Union steelmakers may be at loggerheads with the European Commission on how a Carbon Border Adjustment Mechanism can be introduced in Europe, according to views expressed during a European Steelmakers’ Association March 17 webinar that focused on EU climate policy.
The global demand for climate-neutral products is encouraging iron and steel companies to switch to green steelmaking technologies with minimal greenhouse gas emissions. This was stated by the owner of the transnational group Liberty Steel Sanjeev Gupta, reports the Australian media outlet Financial Review.
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.
