Erdemir announces large-scale investments in green transformation by 2050

Turkish steel company Erdemir has unveiled an updated sustainability strategy, according to which it plans to achieve zero carbon emissions by 2050. In 2025, the company will invest $825 million in projects aimed at greening production, modernizing facilities, and developing renewable energy. This is reported by SteelRadar.

The key initiatives include the construction of solar power plants with an annual generation of 1.71 million MWh, the use of biomass as an alternative to coal, the production of direct reduced iron (DRI) based on natural gas and green hydrogen, and the introduction of carbon capture and storage (CCS) technologies.

By the second quarter of 2025, the company has already commissioned a modernized coke oven battery No. 4 (800 thousand tons per year) and a new blast furnace with a capacity of 2.8 million tons. The company plans to increase its steelmaking capacity to 5.3 million tons by integrating new electric arc furnaces.

In 2024, Erdemir invested $1.1 billion in accordance with the Net Zero roadmap, launching a pilot pyrolysis plant and completing hydrogen injection into a blast furnace. The company also continued to develop solar energy: SPP projects with a total capacity of more than 2 GW were implemented in 12 provinces of Turkey.

In the first quarter of 2025, the company recorded a profit of 426.3 million Turkish liras and rose to 9th place in the ISO 500 ranking. Exports increased by $83.1 million, which confirms the company’s growing global competitiveness thanks to environmental investments.

As GMK Center reported earlier, in January-April 2025, the Turkish steel industry reduced steel production by 1% year-on-year – to 12.27 million tons. Pig iron production for the period fell by 11.6% y/y – to 3.07 million tons.