decarbonization

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Germany promises funding for ArcelorMittal’s decarbonization project

The government intends to allocate €2.5 billion as soon as the approval of the European Commission is received

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EC approves €6.5 billion German support scheme to eliminate risk of carbon leakage

Energy-intensive companies will be able to receive compensation for part of the fuel costs

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China can bring steel to its carbon market by 2025

Currently, the country is discussing the structure of emissions reporting

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H2 Green Steel has entered into agreements with Rio Tinto and Vale for the supply of DRI pellets

Pellets for the plant in Sweden will be supplied from Canada and Brazil

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Italy proposes to cut funding for Acciaierie d’Italia DRI project

The authorities explain the decision by incompatibility with the timing of the national recovery plan implementation

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Steel industry decarbonization will require cooperation through the G20

Countries are recommended to define standards for low-carbon steel and rules for scrap collection

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Steel Dynamics will buy green power from NextEra Energy Resources

The company is accelerating progress towards decarbonisation goals

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US steelmakers call for the use of local steel in green projects

Associations express concern that current guidelines allow the use of imported steel

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CMS and Voestalpine launched a carbon capture pilot project

The project is planned to be implemented at the voestalpine plant in Linz, Austria in the fourth quarter of 2023

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Thyssenkrupp confirms agreement with government for €2 billion in green subsidies

Official funding approval will be announced in the coming days

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Malaysia to develop road map of ecological steel industry transition

When preparing the strategy, appropriate sources of funding should be considered

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USA is in critical need of its own СВАМ analogue

The mechanism will support efforts to decarbonize American industry

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