voestalpine focuses on decarbonization

voestalpine AG has invested €1.5 billion to reduce CO2 emissions at its steel production sites in Austria.

The company reportedly plans to build two electric arc furnaces at its Linz and Donawitz plants, replacing blast furnaces.

Construction will start in 2024, and commissioning of the two units will take place in 2027, allow voestalpine to reduce its CO2 emissions by up to 30%.

The two electric arc furnaces will allow voestalpine to produce around 2.5 million tons of steel: 1.6 million tons in Linz and 850,000 tons in Donawitz. From 2030, voestalpine plans to replace another blast furnace at each of the sites in Linz and Donawitz.