greentec steel: OUR PATH TO GREEN STEEL
Innovations for tomorrow's steel production.
The technological transition to green production faces the entire European steel industry with major challenges. voestalpine, Austria’s only producer of crude steel and a global pioneer in environmental protection, has drawn up an ambitious phased plan for green steel production—greentec steel.
As a steel and technology Group, we are assuming the quality leadership in carbon-neutral steel production: our company is already conducting intensive research into the manufacture of high-quality steel grades using low and zero emission production processes. Over the long term, it should be possible to produce the same sophisticated grades as today, but using carbon-neutral, hydrogen-based technologies.
We are planning to gradually shift from the coal-based blast furnace route to electric arc furnaces run on green electricity by 2030. This would allow us to lower CO2 emissions by around a third by the end of the decade. Over the long term, our goal is to successively increase the share of green hydrogen used in steel production, arriving at carbon-neutral steel by 2050.
In addition to the question of how steel will be produced in the long run, there also needs to be a focus on the contribution that steel as a material already makes to sustainability. Steel plays an important role in achieving our society’s low carbon future: high-tech steel used in lightweight automotive construction, power plant turbines, or renewable energies such as wind power, saves six-times more energy—and thus CO2—than is used in its production.
Steel is one of the most commonly used materials worldwide and is indispensable in a sustainable society. Steel is durable and can be recycled with no loss of quality. If steel can no longer be produced in Austria, it must be imported from countries with environmental regulations which are far less stringent than their Austrian or European equivalents.
Politicians have set ambitious goals for reducing CO2 emissions. greentec steel allows voestalpine to be part of the solution, and to contribute to achieving the climate goals..
The greentec steel brand embodies voestalpine’s claim to high quality and advanced technology, as well as its focus on sustainability, because the steel and technology Group’s “green” steel will also meet the most stringent quality standards and offer customers high-tech solutions tailored to their individual requirements. At the same time, with its research activities, technologies, and innovations—and steel’s vital role in a sustainable world—voestalpine is making an important contribution to achieving the climate goals over the long term.