decarbonization - Latest news GMK Center

The mechanism will support efforts to decarbonize American industry

In November 2023, the company plans to put the facilities into operation and start test production

Environmental subsidies will support the decarbonization of steel production processes

In total, it is about 41 large-scale projects in 15 countries

Investments will come from the XCarb Innovation Fund

The investigation is being conducted at the request of US Trade Representative Catherine Tai

Demand for scrap is expected to increase under such conditions

Without strategic support from the government, steel industry will not be able to achieve its decarbonization goals

The lack of common standards reduces the benefits for manufacturers of such products

The funds are intended for the partial decarbonization of steel production in Ghent

The company plans to reduce operational emissions by at least 30% by 2030

This can be achieved with investment in technology and action by governments