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.
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.
