The process developed by voestalpine uses green hydrogen and biogas in the direct reduction process. In addition to carbon neutrality, the process offers other advantages. For example, the biogenic carbon allows carburization of the sponge iron, for efficient melting in the electric arc furnace. The steel and technology Group will grant patent licenses for the carbon-neutral prematerial used in steel production and plans to work with the license holders to transfer the necessary know-how.
greentec steel is the ambitious plan developed by voestalpine to decarbonize steel production. Using a hybrid technology and electric arc furnaces would allow CO2 emissions to be reduced by around 30% in a first step to 2030. The steel and technology Group’s long-term goal is to successively increase the share of green electricity and hydrogen used in the steel production process, together with tomorrow’s climate-neutral prematerials DRI and HBI, to achieve the goal of carbon-neutral steel production by 2050.
voestalpine is continuously investing in the research & development of new product solutions and processes. Over 700 voestalpine employees at more than 70 Group companies worldwide are researching, testing, and bringing new product solutions to the market on an ongoing basis. The Group has already registered more than 3,200 patents for technologies and products, and current research is focused on digitalization and sustainability.