ArcelorMittal Germany plans tranfromation steps after EU Commission funding approval
by David Fleschen
The EU Commission has approved the financial support for the transformation project for climate-neutral steel production at the ArcelorMittal sites in Bremen and Eisenhüttenstadt. The Brussels authority has thus confirmed the announcement by Federal Economics Minister Robert Habeck that the decarbonisation project will receive a total of €1.3 billion in funding of €2.5 billion."The EU commitment is a significant milestone on our path to climate-neutral production - we are very pleased about this. We are now moving forward to plan the technology change in production," explains Dr Thomas Bünger, CEO of ArcelorMittal Bremen and Eisenhüttenstadt.
The technical planning for the use of the new production technology with a hydrogen-fuelled direct reduction plant and three electric arc furnaces, which are to be operated with green electricity, will now take place so that the global ArcelorMittal Group - the world's second largest steel producer - can then make an investment decision.
In addition to the development of infrastructure, the assessment of whether sufficient quantities of green electricity and hydrogen will be available at internationally competitive prices will be another important factor in the investment decision.
Source and Photo: ArcelorMittal Germany