Subscribe | Register | Log in | Advertise | Digital Issue   |   Search
  • CCUS
  • Cap & Trade Markets
  • Voluntary Markets & Offsets
  • Corporate & Finance
  • Net Zero Strategies
Search
Related Articles
UAE gets behind carbon markets
Investment in African offsets and ambitions to create a trading hub demonstrate Mideast Gulf state’s commitment to growing markets
Carbon markets primed for key role in net-zero push
Curbing emissions globally by using international carbon market mechanisms reduces the cost of mitigation, Andrea Bonzanni, international policy director at the IETA, tells Carbon Economist
EU’s CBAM transition phase will provide valuable insight
Training for regional customs authorities and detailed analysis of reporting accuracy will ensure effectiveness of final scheme
How oil and gas companies can navigate the energy transition
Carbon Economist talks to Quorum’s Alexandra Gajewski about ESG strategies
Olympus deal is key first for RSG market
Long-term deal signed by Olympus Energy marks breakthrough for emerging market for responsibly sourced gas
California LCFS market braced for stricter targets
Low Carbon Fuel Standard credit prices bottoming out despite continued surge in renewable diesel supply
Cenovus sees major role in reducing emissions
Canadian firm and its oil sands peers are targeting net zero by 2050 and are perfectly positioned to address the challenges of the low-carbon transition, says CEO Jon McKenzie
UK backs engineered carbon removal with ETS
Government set to include Dac and Beccs in national emissions trading scheme as part of package of reforms
CCUS outlook: Delivering large-scale carbon abatement for net zero
Scaling CCUS will require collaboration between governments, public and private actors, and communities
Canadian Prairies’ role in the energy transition
Federal department PrairiesCan speaks to Carbon Economist about the energy sector in the region
Salzgitter aims to reduce scope one emissions by 95pc through Salcos programme
Decarbonisation Germany
Polly Martin
18 April 2023
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Salzgitter secures €1bn in government finance for green steel

The first stage of its Salcos decarbonisation programme is due to start operations by end-2025

German steelmaker Salzgitter has secured €1bn ($1.09bn) in federal and state government subsidies for its ‘Salcos’ decarbonisation programme, which aims to switch its site in Lower Saxony entirely to low-carbon processes by 2033 over three stages. The first stage, capable of producing 1.9mn t/yr of crude steel, will involve the installation of two direct reduction plants using green hydrogen and three electric arc furnaces to replace blast furnaces and converters. The first stage is expected to begin operations by the end of 2025. Salzgitter aims to reduce its scope one and two emissions from 2018 levels by more than 30pc by 2025 and 50pc by 2030, as well as reaching net zero by 2050. The st

Also in this section
UAE gets behind carbon markets
27 September 2023
Investment in African offsets and ambitions to create a trading hub demonstrate Mideast Gulf state’s commitment to growing markets
Taiwan joins Asian carbon trading push
26 September 2023
Newly launched Taiwan Carbon Solution Exchange is expected to enable companies to trade in both domestic and international credits
Letter on carbon: Direct action
22 September 2023
A flurry of interest in direct air capture signals a key role for the technology in the push for net zero
SLB on mission to halve cost of carbon capture
21 September 2023
Technology company says its latest technologies can achieve 30–50% cost reductions at the capture stage

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2023 The Petroleum Economist Ltd
Cookie Settings
;

Search