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decarbonization - Latest news GMK Center

Photo – POSCO and Honda will work together to achieve carbon neutrality
POSCO and Honda will work together to achieve carbon neutrality

The companies, in particular, are starting to cooperate in the production of sheet steel

Photo – Spain approves funding for ArcelorMittal Gijón decarbonisation project
Spain approves funding for ArcelorMittal Gijón decarbonisation project

The company will receive €450 million to build a direct reduction plant that will replace two blast furnaces

Photo – Turkish Yeşilyurt invests $51.7 million in a solar power plant
Turkish Yeşilyurt invests $51.7 million in a solar power plant

As part of the project, almost 200,000 solar panels will be installed

Photo – ArcelorMittal Eisenhüttenstadt plans to build an electrolysis plant for €5 million
ArcelorMittal Eisenhüttenstadt plans to build an electrolysis plant for €5 million

The implementation of the project is planned for 2024. The capacity of the installation will be 2 MW

Photo – Liberty Steel ordered electric arc furnace for Australian plant
Liberty Steel ordered electric arc furnace for Australian plant

The company is also planning a direct reduction plant with a capacity of 1.8 Mt

Photo – UK Steel supported consultations on the UK CBAM
UK Steel supported consultations on the UK CBAM

Costs of British steel producers on carbon emissions in 2022 amounted to approximately $148 million

Photo – SSAB presented its development strategy until 2030
SSAB presented its development strategy until 2030

The company plans to increase profits thanks to the green transition and premium products

Photo – Outokumpu and Fortum will work on the decarbonization of steel production
Outokumpu and Fortum will work on the decarbonization of steel production

Companies will explore the possibility of power supply using small modular reactors

Photo – BHP and China’s HBIS will jointly test carbon capture
BHP and China’s HBIS will jointly test carbon capture

The latest cooperation agreement provides for investments in the amount of up to $15 million over three years

Photo – Voestalpine plans to invest €1.5 billion in the decarbonization of capacities
Voestalpine plans to invest €1.5 billion in the decarbonization of capacities

The company intends to allocate funds to the construction of two electric arc furnaces at the plants in Linz and Donavitsa by 2027

Photo – Vale produced commercial volumes of pellets without the use of coal for the first time
Vale produced commercial volumes of pellets without the use of coal for the first time

For the production of products, instead of traditional fossil raw materials, the company used biochar obtained from biomass

Photo – Germany cut its scrap exports to a 13-year low in 2022
Germany cut its scrap exports to a 13-year low in 2022

During the year, German scrap processors shipped 7.7 million tons of scrap

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