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decarbonization - Latest news GMK Center

Photo – The Netherlands supports €3 billion in green subsidies for Tata Steel IJmuiden
The Netherlands supports €3 billion in green subsidies for Tata Steel IJmuiden

The funds will be used to modernize the enterprise and reduce its environmental impact

Photo – Rio Tinto invests $143 million in BioIron research center in Western Australia
Rio Tinto invests $143 million in BioIron research center in Western Australia

The company will specialize in evaluating the efficiency of the new direct iron recovery technology

Photo – Germany approves financing of ArcelorMittal’s green transition
Germany approves financing of ArcelorMittal’s green transition

The state will finance the project in the amount of about €1.3 billion

Photo – Germany has developed a concept of the green industry market
Germany has developed a concept of the green industry market

One of the tools to increase demand for green materials is public procurement

Photo – ArcelorMittal calls for a clear state decarbonization policy in Germany
ArcelorMittal calls for a clear state decarbonization policy in Germany

The company needs cheap electricity and hydrogen to continue upgrading its German assets

Photo – Business has identified 4 key conditions for effective climate policy in Ukraine
Business has identified 4 key conditions for effective climate policy in Ukraine

The business community welcomes the government's initiatives in the field of climate policy, but draws attention to some points

Photo – ASEAN steel industry needs support for decarbonization
ASEAN steel industry needs support for decarbonization

The region is already overcapacity and the situation will only get worse

Photo – British Steel is close to signing an agreement with the government on green transformation
British Steel is close to signing an agreement with the government on green transformation

The company began negotiations with the British authorities more than a year ago

Photo – ArcelorMittal starts construction of a hybrid EAF in Gijon
ArcelorMittal starts construction of a hybrid EAF in Gijon

This project is a priority for the company in line with its ambitions to reduce CO2 emissions

Photo – UAE and Oman agree on a $32 billion green megaproject
UAE and Oman agree on a $32 billion green megaproject

The project includes renewable energy initiatives and green steel production capacity

Photo – Ferrexpo decreased total carbon emissions by 32% in 2023
Ferrexpo decreased total carbon emissions by 32% in 2023

The company continues studying options to reduce carbon intensity

Photo – Global DRI production increased by 7.4% y/y in Q1
Global DRI production increased by 7.4% y/y in Q1

In March, the indicator increased by 9.4% m/m and fell by 4.8% y/y

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