Voestalpine AG to construct electric hybrid and hydrogen steel plant
2019-11-15 17:10:04 [Print]
Voestalpine AG plans to invest EUR100 million to construct fuel combination steel plant and upgrade three of five blast furnaces into electric furnaces; the construction is expected to be completed in 2030.
Eibensteiner, Chairman of Voestalpine AG stated that this option would reduce the company's CO2 emissions by around a third, which means a reduction of three to four million tons per year. Currently, the company is persuading the state grid to cut electricity price to promote green development.
The company noted that using electric energy to replace blast furnaces of fossil fuels such as coal and coking is the intermediate step and the final goal is to use hydrogen to produce iron and steel. Next Monday, the company will commence the hydrogen pilot plant project in Linz; however using hydrogen to produce steel might be realized after 2035.
Voestalpine AG buit the first joint venture enterprise in China in 2007 and the second one finished construction of Daozha Plant of in Ruzhou of Henan; the company plans to enter China's rail transit field.
Eibensteiner, Chairman of Voestalpine AG stated that this option would reduce the company's CO2 emissions by around a third, which means a reduction of three to four million tons per year. Currently, the company is persuading the state grid to cut electricity price to promote green development.
The company noted that using electric energy to replace blast furnaces of fossil fuels such as coal and coking is the intermediate step and the final goal is to use hydrogen to produce iron and steel. Next Monday, the company will commence the hydrogen pilot plant project in Linz; however using hydrogen to produce steel might be realized after 2035.
Voestalpine AG buit the first joint venture enterprise in China in 2007 and the second one finished construction of Daozha Plant of in Ruzhou of Henan; the company plans to enter China's rail transit field.
