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.
Chinese corporation Jingye Group, owner of the steelmaking company British Steel, has announced its commitment to invest £ 1.2bn in “greening” blast furnaces at its Scunthorpe steel plant.
Carbon neutrality of the Australian economy, which the country’s Government intends to achieve by 2050, is possible only after the establishment of appropriate financial incentives to decarbonize the industry, writes the local newspaper The Sydney Morning Herald, citing a number of experts.
The South Korean Ministry of Trade, Industry and Energy has established a Committee for Green Metallurgy Development within its structure to prepare the steel industry for carbon neutrality.
