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decarbonization - Latest news GMK Center

Photo – Oman begins construction of key green steel plant
Oman begins construction of key green steel plant

Vulcan Green Steel is expected to produce 5 million tons of environmentally friendly steel per year

Photo – British Steel will consult on blast furnace closures
British Steel will consult on blast furnace closures

The company will provide communities with details of its £1.25bn decarbonisation plan

Photo – Fortescue approved investments of $750 million for three green projects
Fortescue approved investments of $750 million for three green projects

These are two hydrogen projects and a project in the field of green steel industry

Photo – ArcelorMittal has announced the first commercial production of ethanol at a plant in Belgium
ArcelorMittal has announced the first commercial production of ethanol at a plant in Belgium

This is a step towards full commissioning of the Steelanol plant

Photo – Germany’s Climate and Transformation Fund received a deficit of €60 billion
Germany’s Climate and Transformation Fund received a deficit of €60 billion

The court found unconstitutional the redistribution of this amount from unused funds for the fight against the coronavirus

Photo – European steel is strategically important for EU climate goals – CEO of EUROFER
European steel is strategically important for EU climate goals – CEO of EUROFER

European steelmakers are implementing more than 60 decarbonization projects

Photo – Nucor has updated its carbon neutrality goals
Nucor has updated its carbon neutrality goals

The new goal of the company is more ambitious than the previous one from 2021

Photo – UK plans to introduce a carbon tax in 2026
UK plans to introduce a carbon tax in 2026

In this way, the country will protect local producers from unfair competition from regions with lower carbon costs

Photo – UK steel industry’s green transition requires scrap recycling strategy
UK steel industry’s green transition requires scrap recycling strategy

It is difficult to imagine the future of the industry without a transition to EAF and more efficient use of raw materials

Photo – Lack of CCS infrastructure is a risk for EU industrial decarbonisation
Lack of CCS infrastructure is a risk for EU industrial decarbonisation

Industrialists are in favor of maintaining the existing target for the creation of CO2 storage facilities at the EU level

Photo – How Ukrainian steel industry is integrating into EU
How Ukrainian steel industry is integrating into EU

Domestic steel industry is already part of the European industry

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