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decarbonization - Latest news GMK Center

Photo – Turkiye needs an emissions trading system aligned with the EU ETS
Turkiye needs an emissions trading system aligned with the EU ETS

The country's steel industry has an advantage due to the extensive use of EAF

Photo – Ukrainian business will offer the market concept for local emissions trading system
Ukrainian business will offer the market concept for local emissions trading system

The analyst company GMK Center will be the executor of the study

Photo – Arvedi launched the production of carbon-free steel
Arvedi launched the production of carbon-free steel

The company has already concluded an agreement for the supply of environmentally friendly steel to the Mercedes-Benz automobile company

Photo – Ukraine is creating the State Fund for decarbonization and energy-efficient transformation
Ukraine is creating the State Fund for decarbonization and energy-efficient transformation

The corresponding law was signed by President Volodymyr Zelenskyi

Photo – Ferrexpo estimates decarbonisation could cost up to $3.3 bln
Ferrexpo estimates decarbonisation could cost up to $3.3 bln

Main part of investments will relate to implementation of green hydrogen and solar power technologies

Photo – DRI d’Italia will build a DRI producing plant in Taranto
DRI d’Italia will build a DRI producing plant in Taranto

Construction should begin by July 2023

Photo – Tata Steel began testing hydrogen injection into a blast furnace
Tata Steel began testing hydrogen injection into a blast furnace

Indian plant testing aims to reduce coke use and reduce carbon emissions

Photo – Spain’s Iberdrola to supply green electricity to Salzgitter
Spain’s Iberdrola to supply green electricity to Salzgitter

Subsidiary Iberdrola to supply 114 MW over 15 years starting in 2024

Photo – German industry will need €52 billion for decarbonization by 2050
German industry will need €52 billion for decarbonization by 2050

Steel industry will require investments of €16.7 billion

Photo – Ferrexpo set more ambitious decarbonization targets
Ferrexpo set more ambitious decarbonization targets

The company intends to reduce Scope 1 and Scope 2 emissions by 50% till 2030

Photo – Salzgitter received €1 billion in funding to decarbonize steel production
Salzgitter received €1 billion in funding to decarbonize steel production

The first phase of the project is planned to be completed by the end of 2025

Photo – Posco International plans to double sales of green steel by 2030
Posco International plans to double sales of green steel by 2030

Carbon neutrality is the main goal of POSCO Group

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