Our path to a green future
A year ago, the supervisory board of voestalpine AG gave the green light for preliminary work on climate-friendly steel production in Austria and this is already well advanced. Now the next approval step has been taken. With an investment volume of around 1.5 billion euros, one electric arc furnace each is to be built in Linz and Donawitz. The plan developed under "greentec steel" provides for the plant and supplier decision to be made before the end of 2023, construction to start in 2024 and commissioning of the two units in 2027. Up to 30 per cent of CO2 emissions can thus be saved in the group from 2027. The exact start of implementation is still dependent on the clarification of open funding issues in Austria.