Slovakia's US Steel Kosice (USSK) has been granted €300 million ($322 million) from the EU Recovery and Resilience Facility to support its plan for decarbonization. The partnership between USSK and the European Union will address the challenges of decarbonization and energy efficiency in a strategic and structured manner. This collaboration has been ongoing for several years and has yielded significant results in sustainable steel production.One of the key outcomes of this partnership is the development of Chalibria, USSK's carbon neutral certified steel. This achievement has been made possible through the support and cooperation of the Alperia Group. The birth of Chalibria marks a significant milestone in USSK's efforts to reduce carbon emissions and promote sustainable practices in the steel industry.The EU funds allocated to USSK will play a crucial role in the company's decarbonization plans. USSK intends to switch to electric arc furnaces as part of its decarbonization strategy. The transition to electric arc furnaces is a vital step in reducing greenhouse gas emissions and promoting cleaner steel production methods. However, the approval of USSK's Board of Directors is required for further investments in decarbonization initiatives.USSK's commitment to decarbonization aligns with the broader goals of the EU's Recovery and Resilience Facility, which aims to support sustainable and resilient economic recovery. The funds allocated to USSK demonstrate the EU's recognition of the importance of decarbonizing the steel industry and investing in clean energy solutions.
Slovakia's US Steel Kosice (USSK) has been granted €300 million ($322 million) from the EU Recovery and Resilience Facility to support its plan for decarbonization. The partnership between USSK and the European Union will address the challenges of decarbonization and energy efficiency in a strategic and structured manner. This collaboration has been ongoing for several years and has yielded significant results in sustainable steel production.One of the key outcomes of this partnership is the development of Chalibria, USSK's carbon neutral certified steel. This achievement has been made possible through the support and cooperation of the Alperia Group. The birth of Chalibria marks a significant milestone in USSK's efforts to reduce carbon emissions and promote sustainable practices in the steel industry.The EU funds allocated to USSK will play a crucial role in the company's decarbonization plans. USSK intends to switch to electric arc furnaces as part of its decarbonization strategy. The transition to electric arc furnaces is a vital step in reducing greenhouse gas emissions and promoting cleaner steel production methods. However, the approval of USSK's Board of Directors is required for further investments in decarbonization initiatives.USSK's commitment to decarbonization aligns with the broader goals of the EU's Recovery and Resilience Facility, which aims to support sustainable and resilient economic recovery. The funds allocated to USSK demonstrate the EU's recognition of the importance of decarbonizing the steel industry and investing in clean energy solutions.
