Benteler will produce only green steel tubes from 2045
To achieve this goal, company initiated ‘green tubes’ program in 2020, which focuses on reducing the CO2 footprint in tube production.
To achieve this goal, company initiated ‘green tubes’ program in 2020, which focuses on reducing the CO2 footprint in tube production.
ArcelorMittal has received a German state funding pledge for half the 110 million euros ($131 million) it plans to invest in a demonstration steel plant that will use hydrogen produced with renewable electricity.
“Gray” steel will eventually be obsolete in Europe as “green” steel gains competitiveness, Gunnar Groebler, CEO of German steelmaker Salzgitter, a pioneer in the development of hydrogen steelmaking, said.
Germany has gathered support from four European Union countries around its opposition to classifying nuclear energy as “green” and sustainable for investment purposes, a letter to the Commission seen by Reuters showed.
German federation says its government underappreciates scrap’s role in reducing carbon emissions.
Green steel needs an industry-wide definition to identify what can be considered as low-carbon steel, chairman of the executive board of Thyssenkrupp Steel Europe, Bernhard Osburg, said.