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 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.
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).
Nucor is launching a line of net zero carbon steel products called Econiq and General Motors will be the first to use the product early next year.
