decarbonization

Overcoming the deficit of green investments will require a comprehensive approach

At the same time, state support will be crucial for the decarbonization of US Steel Kosice

Support will be provided through bilateral carbon contracts for difference (CCfD)

24 hydrogen production projects will be financed. Their total value reaches €8 billion

Projects planned for 2024 will contribute to sustainable steel production, energy conservation and emissions reduction

The companies will explore developing a pilot electrosmelting facility (ESF) in Australia

The company plans to invest €2.5 billion in replacing blast furnaces with electric arc furnaces at plants in Bremen and Eisenhuttenstadt

EUROFER commented on the announced climate goal

The company outlined a decarbonization strategy for the near term

The scheme is designed to support investments in the use of hydrogen in industrial processes

The company will also consider investing in direct iron recovery technology under certain conditions

Funding from the Australian Government will go towards the installation of a new electric arc furnace at Liberty Steel's Whyalla plant