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decarbonization - Latest news GMK Center

Photo – India must join global efforts to decarbonize steel production — Atlantic Council
India must join global efforts to decarbonize steel production — Atlantic Council

According to forecasts, the country's steel industry will grow almost twice by 2030

Photo – EUROFER warned of risks for European steel exports
EUROFER warned of risks for European steel exports

The EU agreed on the reform of the ETS and the gradual abolition of free quotas for carbon emissions

Photo – ArcelorMittal launches carbon capture and utilization project at Ghent plant
ArcelorMittal launches carbon capture and utilization project at Ghent plant

The first plant of this type in the European steel industry cost the company €200 million

Photo – Ferrexpo to reduce carbon emissions by 50% by 2030
Ferrexpo to reduce carbon emissions by 50% by 2030

The company has already achieved a 30% reduction in emissions in categories 1 and 2 compared to the base year of 2019

Photo – ArcelorMittal buys scrap recycling company Riwald Recycling
ArcelorMittal buys scrap recycling company Riwald Recycling

In 2021, Riwald processed more than 330,000 tons of ferrous metal scrap

Photo – Jindal Shadeed to build a green steel plant in Oman
Jindal Shadeed to build a green steel plant in Oman

Investments in the new enterprise will amount to more than $3 billion

Photo – POSCO to invest $40 billion in environmental projects in Australia by 2040
POSCO to invest $40 billion in environmental projects in Australia by 2040

Investments will be directed to the construction of facilities for the production of green hydrogen

Photo – It will take decades to produce green steel in Asia — BHP
It will take decades to produce green steel in Asia — BHP

About 72% of steelmaking facilities under construction in the world are blast furnaces

Photo – Rio Tinto to invest $600 million in the development of renewable energy in the Pilbara
Rio Tinto to invest $600 million in the development of renewable energy in the Pilbara

Investments will be directed to the construction of two solar power plants with a capacity of 100 MWh and a battery for 200 MWh

Photo – Liberty Steel will install electric arc furnaces and CCM Dongbu at the Galati plant
Liberty Steel will install electric arc furnaces and CCM Dongbu at the Galati plant

Installation of green capacities at the Romanian plant will speed up the achievement of climate goals

Photo – Primetals and Tata Steel signed a memorandum of cooperation in decarbonisation
Primetals and Tata Steel signed a memorandum of cooperation in decarbonisation

The companies plan to intensify cooperation on projects and technologies for the transition to the production of green steel

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