Australia headquartered metal recycling giant Sims intends to sell its 50% stake in renewable energy group LMS Energy, which operates 36 plants turning biogas into energy and six solar plants, after a strategic review of assets that it is better-off putting more funds into its core business of metal recycling, says Sims Chief Executive Mr. Alastair Field, reports AFRGreen steel represents a big opportunity because customers and end users would require more scrap metal to be able to meet decarbonization targets, says Mr. FieldThe opportunities in green steel are vast for Sims as steel scrap is used as a feedstock for steel producers running electric arc furnaces, which are viewed as slightly better for the environment than traditional coal-fired blast furnaces.
Australia headquartered metal recycling giant Sims intends to sell its 50% stake in renewable energy group LMS Energy, which operates 36 plants turning biogas into energy and six solar plants, after a strategic review of assets that it is better-off putting more funds into its core business of metal recycling, says Sims Chief Executive Mr. Alastair Field, reports AFRGreen steel represents a big opportunity because customers and end users would require more scrap metal to be able to meet decarbonization targets, says Mr. FieldThe opportunities in green steel are vast for Sims as steel scrap is used as a feedstock for steel producers running electric arc furnaces, which are viewed as slightly better for the environment than traditional coal-fired blast furnaces.
