The global economic environment during the first nine months of the business year 2016/17 (April 1 to December 31, 2016) was inconsistent. The first three quarters were marked by moderate growth trends in Europe, continuing volatility with a recent increase in economic expectations due to announcements from the new president in the USA, stable growth in China as well as a weakening recession in Brazil. Among voestalpine’s main customer segments, the automotive industry demonstrated ongoing high demand and the consumer goods segment enjoyed a solid recovery. At the same time, the railway infrastructure sector recorded slight declines and the energy sector showed continued signs of weakness not only in Europe.
The European Commission has awarded the H2FUTURE project consortium, consisting of voestalpine, Siemens, VERBUND and Austrian Power Grid (APG) as well as the research-partners K1-MET and ECN, the contract for the construction of one of the world’s largest electrolysis plants for producing green hydrogen. The project-partners will work and research cooperatively on implementing an innovative hydrogen demonstration plant at the voestalpine site in Linz.
In view of a report published today in a regional Austrian newspaper about the status of the HBI project in Corpus Christi, Texas—which is based exclusively on rumors, assumptions, and deliberate disinformation—voestalpine feels compelled to issue the following clarifications.