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decarbonization - Latest news GMK Center

Photo – Australia’s steel importers have reservations about introducing a CBAM analogue
Australia’s steel importers have reservations about introducing a CBAM analogue

The industry association reminds that many countries are already working on the decarbonization of production

Photo – Germany promises funding for ArcelorMittal’s decarbonization project
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

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

Photo – China can bring steel to its carbon market by 2025
China can bring steel to its carbon market by 2025

Currently, the country is discussing the structure of emissions reporting

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

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

Photo – Steel industry decarbonization will require cooperation through the G20
Steel industry decarbonization will require cooperation through the G20

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

Photo – Steel Dynamics will buy green power from NextEra Energy Resources
Steel Dynamics will buy green power from NextEra Energy Resources

The company is accelerating progress towards decarbonisation goals

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

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

Photo – CMS and Voestalpine launched a carbon capture pilot project
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

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

Official funding approval will be announced in the coming days

Photo – Malaysia to develop road map of ecological steel industry transition
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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