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decarbonization - Latest news GMK Center

Photo – Investing in sustainable development: how Ukraine’s iron and steel companies care for the environment
Investing in sustainable development: how Ukraine’s iron and steel companies care for the environment

Last year, the industry's companies spent 28% of their total budget on environmental protection

Photo – Voestalpine and VERBUND expand H2FUTURE hydrogen project in Linz
Voestalpine and VERBUND expand H2FUTURE hydrogen project in Linz

€16.4 million invested in project to create storage and purification systems for green hydrogen

Photo – Ferrexpo – among the leaders of the European market and climate transformation
Ferrexpo – among the leaders of the European market and climate transformation

The company has been included in the FT and Statista Europe's Climate Leaders ranking for the third time in a row

Photo – The USPP calls on the government to initiate a postponement of CBAM for Ukrainian exports
The USPP calls on the government to initiate a postponement of CBAM for Ukrainian exports

Entrepreneurs demand that the government urgently appeal to the European Commission due to risks to the economy

Photo – The EC has proposed a new climate target for 2040
The EC has proposed a new climate target for 2040

The bloc also plans to compensate export industries for carbon emissions

Photo – SSAB has secured an additional €430 million for its green transformation in Luleå
SSAB has secured an additional €430 million for its green transformation in Luleå

The company has thus completed the full financing package for its project

Photo – German LEAG suspends energy project using green hydrogen
German LEAG suspends energy project using green hydrogen

Construction of H2UB Boxberg postponed due to political and economic conditions

Photo – Ukraine has the potential to become part of Europe’s green course – Ferrexpo
Ukraine has the potential to become part of Europe’s green course – Ferrexpo

The company is ready to offer European steelmakers high-purity pellets for the production of green steel

Photo – Tenaris has begun construction of its second wind farm in Argentina
Tenaris has begun construction of its second wind farm in Argentina

La Rinconada will meet the needs of the Siderca plant and reduce CO2 emissions by 100,000 tons per year

Photo – European countries increased steel decarbonization subsidies to €15.1 bln
European countries increased steel decarbonization subsidies to €15.1 bln

Despite funding approvals, construction has only begun on 8 out of 23 projects

Photo – Marcegaglia will supply its plant in Fos-sur-Mer with nuclear energy from EDF for 10 years
Marcegaglia will supply its plant in Fos-sur-Mer with nuclear energy from EDF for 10 years

The contract provides for the supply of stable and carbon-free energy at a competitive price

Photo – Electricity price determines competitiveness of green steelmaking
Electricity price determines competitiveness of green steelmaking

Higher power demand of low-carbon technologies makes steelmakers increasingly vulnerable to electricity price volatility

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