Austrian steel maker Voestalpine is committed to the global climate goals and greentec steel is the Group’s ambitious step-by-step plan for green steel production. Voestalpine’s mission is carbon neutral steel production using green hydrogen by 2050, for which the Group is already undertaking intensive research into promising breakthrough technologies.In an important intermediate step toward carbon neutral steel production, Voestalpine is planning an incremental switch from the coal-based blast furnace route to electric arc furnace technology at the Group’s steel facilities in Linz and Donawitz as early as 2027. This conversion alone would allow carbon emissions from steel production to be significantly reduced by around 30% from 2027.In March 2022, the Supervisory Board of Voestalpine AG approved the initial implementation steps for the technological transformation. A decision by the Supervisory Board as to final approval of the investments required for the two electric arc furnaces will be taken next year, in turn making it possible to begin construction in 2024.
Austrian steel maker Voestalpine is committed to the global climate goals and greentec steel is the Group’s ambitious step-by-step plan for green steel production. Voestalpine’s mission is carbon neutral steel production using green hydrogen by 2050, for which the Group is already undertaking intensive research into promising breakthrough technologies.In an important intermediate step toward carbon neutral steel production, Voestalpine is planning an incremental switch from the coal-based blast furnace route to electric arc furnace technology at the Group’s steel facilities in Linz and Donawitz as early as 2027. This conversion alone would allow carbon emissions from steel production to be significantly reduced by around 30% from 2027.In March 2022, the Supervisory Board of Voestalpine AG approved the initial implementation steps for the technological transformation. A decision by the Supervisory Board as to final approval of the investments required for the two electric arc furnaces will be taken next year, in turn making it possible to begin construction in 2024.
