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greentec steel – our path to a green future
greentec steel is a key project of voestalpine AG on the path to sustainable and environmentally friendly steel production, as well as Austria's largest climate protection program. Find out here what role greentec steel plays in voestalpine Wire Technology's CO2 reduction strategy and what targets have been set for 2027.
greentec steel – Austria's largest climate protection program
This ambitious project involves a step-by-step plan to achieve CO₂-neutral steel production by 2050. Starting in 2027, voestalpine AG will take a significant step toward reducing CO2 emissions by using electric arc furnaces powered by green electricity. This will reduce emissions by up to 30%, which corresponds to about 5% of Austria's annual CO2 emissions. greentec steel will thus become the country's largest climate protection program.
Major challenges in the European steel industry – significant CO2 reduction by 2029
The transition to green technologies poses major challenges for the European steel industry. voestalpine is addressing these challenges with its greentec steel program, which envisages the use of electric arc furnaces in Linz and Donawitz from 2027 onwards. The aim is to produce around 2.5 million tons of CO2-reduced steel annually and to reduce emissions by around 30 percent by 2029 compared to 2019. In the long term, the company aims to achieve CO2 neutrality by 2050. This requires the availability of sufficient renewable electricity at competitive prices.
What role does the greentec steel program play in voestalpine Wire Technology's CO2 reduction strategy, and what targets have been set for 2027?
The greentec steel program is central to voestalpine Wire Technology's CO2 reduction strategy. The goal is to supply wire made from steel with significantly lower emissions without compromising on quality. To maintain our high product quality, the new electric arc furnance uses a mix of scrap, liquid pig iron, and HBI (hot briquetted iron).
🎧 Even more insights - available as a podcast episode
Listen to the new episode "Sustainable excellence – premium quality with a low CO2 footprint" of our Wire Insights podcast - with exciting insights and clear objectives on how sustainability at voestalpine Wire Technology is not just a buzzword but a living reality.
