{"id":35181,"date":"2023-07-21T10:19:19","date_gmt":"2023-07-21T09:19:19","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=35181"},"modified":"2023-07-21T10:19:19","modified_gmt":"2023-07-21T09:19:19","slug":"eu-approves-over-e2bn-for-decarbonising-steel-production-in-france-and-germany","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/eu-approves-over-e2bn-for-decarbonising-steel-production-in-france-and-germany\/35181\/","title":{"rendered":"EU approves over \u20ac2bn for decarbonising steel production in France and Germany"},"content":{"rendered":"
Approved under EU State aid rules, the sizeable funding will assist ArcelorMittal France and ThyssenKrupp Steel Europe\u00a0(tkSE) in decarbonising steel production at its projects using innovative technologies and renewable hydrogen.<\/p>\n
Steel is the most essential engineering and construction material in the world, as it is used in buildings, infrastructure, tools, ships, trains, cars, bicycles, machines, and electrical appliances.<\/p>\n
However, decarbonising steel production worldwide is an urgent challenge that must be addressed to achieve climate targets. Globally, the steel production industry generates the most CO2 emissions of all heavy industries and around 8% of total global emissions<\/a>.<\/p>\n These two EU initiatives represent a significant milestone in decarbonising the sector and supplement the EU Hydrogen Strategy<\/a>,\u00a0European Green Deal<\/a>, Green Deal Industrial Plan<\/a>, and REPowerEU Plan<\/a>.<\/p>\n ArcelorMittal will utilise \u20ac850m in funding to partially decarbonise steel production at its site in Dunkirk, in which it operates three blast furnaces producing liquid hot metal from a mixture of iron ore, pellets, coke, coal and preheated air.<\/p>\n The organisation also operates three basic oxygen furnaces that convert the liquid hot metal into liquid steel.<\/p>\n The financial support will help to develop a direct reduction plant (DRP) and two electric arc furnaces (EAF).<\/p>\nDecarbonising steel production in France<\/h3>\n