steel

Steel company Salzgitter has partnered with E.ON subsidiary Avacon and Linde to use green hydrogen for iron ore smelting

Wooden alternatives to steel towers are claimed to cut emissions by 80%

Energy firm Vattenfall, steel company SSAB and mining group LKAB are working on a project which aims to deliver the ‘world’s first’ fossil-free iron ore pellets

Carbon dioxide absorbed by trees as they grow is stored in the wooden tower, which means that the wind turbines are climate-neutral

Steel manufacturing is a high carbon process and every tonne that is manufactured creates around 1.8 tonnes of carbon dioxide

The steelmaker says the pledge will help it contribute to the European Commission’s Green Deal

The news comes after the steel company, which directly employs around 5,000 people, collapsed into insolvency in May after months of financial pressure

A total of 32 winners will share the funding for projects including carbon capture, utilisation and storage and steam turbine efficiency

The full transfer is expected to take place before the end of the year

The steel industry accounts for around 7% of global emissions