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decarbonization - Latest news GMK Center

Photo – The UK’s steelmakers need state aid for a green transition
The UK’s steelmakers need state aid for a green transition

Tata Steel UK and China's Jingye continue negotiations with the UK's government

Photo – ArcelorMittal invests $25M in US nuclear power development
ArcelorMittal invests $25M in US nuclear power development

Investment provided by XCarb Innovation Fund to accelerate steel decarbonization

Photo – EUROFER and European Aluminum call for careful CBAM implementation
EUROFER and European Aluminum call for careful CBAM implementation

The EU aims to reduce net carbon emissions by 55% by 2030

Photo – German MILS will receive state funding for research on steel decarbonization
German MILS will receive state funding for research on steel decarbonization

The amount of the three-year grant is €5.5 million

Photo – ArcelorMittal, BHP and partners will test carbon capture technology at steel plants
ArcelorMittal, BHP and partners will test carbon capture technology at steel plants

The trials will be funded by BHP and Mitsubishi Development

Photo – Tata Steel to invest €65 million in the decarbonization of a plant in the Netherlands
Tata Steel to invest €65 million in the decarbonization of a plant in the Netherlands

The company intends to build a hydrogen production line at the facility in Eimeiden

Photo – H2 Green Steel raises €3.5 billion for project in Sweden
H2 Green Steel raises €3.5 billion for project in Sweden

The company plans to build a steel plant that will use green hydrogen

Photo – Emirates Steel received 15% duty relief for Saudi Arabian market
Emirates Steel received 15% duty relief for Saudi Arabian market

ESA became the first company to be exempted from duty on steel sales in the UK

Photo – World scrap metal consumption in January-June 2022 fell by 8.4% y/y
World scrap metal consumption in January-June 2022 fell by 8.4% y/y

The negative trend in demand for scrap is supported by the decline in global steel production

Photo – ArcelorMittal SA and Sasol have joined forces to produce green steel
ArcelorMittal SA and Sasol have joined forces to produce green steel

The largest industrial companies in South Africa aim to achieve zero carbon emissions in the production by 2050

Photo – JSW Steel and Smartex will become partners in the decarbonization of steel production
JSW Steel and Smartex will become partners in the decarbonization of steel production

JSW plans to reduce CO2 emissions intensity by 42% by 2030 compared to 2005 base year

Photo – Rio Tinto and Scania have agreed to develop unmanned quarry dump trucks
Rio Tinto and Scania have agreed to develop unmanned quarry dump trucks

Rio Tinto plans to phase out new diesel dump trucks by 2030

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