Danieli invests €572 million in sustainability projects

Italian equipment manufacturer Danieli plans to invest €572 million in sustainable development projects over the next five years. This was announced by the company’s Vice President Camilla Benedetti, ANSA reports.

The goal is to increase the efficiency of Danieli’s plants and recycle waste as much as possible.

The most important of the projects, according to Benedetti, is the Digital Green Plant, an eco-friendly line that will allow the company to produce 700 thousand tons of specialty steel per year in accordance with the principles of sustainable development. As part of this project, an automated digital furnace will be installed, powered by energy generated from renewable sources.

“We aim to reduce electricity consumption by 15% and emissions by 25%, as well as recycle 100% of the waste and water we use to heat the furnace. It’s a kind of circular economy,” explained Vice President Danieli.

The Digital Green Plant is scheduled to be commissioned in 2027. Meanwhile, Danieli is modernizing its existing furnaces to reduce carbon dioxide emissions.

In May, the company announced its intention to invest in the development of its steel division Acciaierie Bertoli Safau (ABS). In the next 2-3 years, ABS will invest about €600 million to reach a production volume of about 2 million tons with a turnover of €3 billion. Danieli and Acciaierie Bertoli Safau plan to increase their turnover by about 20-25% compared to 2023, to €5 billion, from the current level of about €4 billion, with an EBIDTA of 10%.