“The steel company ArcelorMittal postpones the adoption of a decision on investments in more ecological production facilities, noting the absence of a clear policy of the European Union in this area, as well as favorable market conditions.”, — write: epravda.com.ua
The steel company ArcelorMittal is postponing the decision to invest in more environmentally friendly production facilities, noting the lack of a clear EU policy in this area, as well as favorable market conditions. This is stated in the company’s release, Interfax-Ukraine writes. The company previously announced plans to invest in replacing a number of coal-fired blast furnaces in Europe with DRI-EAF units, which use hydrogen. projects, the company was counting on a favorable market environment and regulation that would facilitate investments in decarbonization, is emphasized in the message. “However, European politics and the market environment in the energy sector have not moved in a favorable direction. The development of the field of “green” hydrogen is very slow, and the use of natural gas in DRI-EAF installations is currently not competitive as a temporary solution,” the press release reads. ArcelorMittal.
