Despite the economic crisis, Voestalpine continues with its billion-dollar green steel project. Next week a milestone will be reached in the construction work in Leoben-Donawitz: in a few years the first blast furnace will go out. This causes CO2 emissions to drop dramatically.
While industrial history will be written in three years’ time, today it looks like a seek-and-find picture on a construction site. Six cranes, excavators, heavy trucks, building materials everywhere and many workers. On the east side of the steel mill in Donawitz, Voestalpine is building an electric arc furnace that is expected to be put into operation in the spring of 2027. He no longer needs coal or coke to produce steel, but a lot of scrap – and especially green energy.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
