US EditionArcelorMittal Cancels Germany Steel Projects Over High Energy Costs
27 Articles
27 Articles
It was to become a flagship project of the traffic light government: with a total of seven billion euros of state aid, German steel production was to be rebuilt ... The post The Stahlschlag: How the Energiewende Drives the Deindustrialisation of the Country Appeared first on Apollo News.
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How the end of carbon capture could spark a new industrial revolution
Steelmaking uses a lot of energy, making it one of the highest greenhouse gas-emitting industries. David McNew/Getty ImagesThe U.S. Department of Energy’s decision to claw back US$3.7 billion in grants from industrial demonstration projects may create an unexpected opening for American manufacturing. Many of the grant recipients were deploying carbon capture and storage – technologies that are designed to prevent industrial carbon pollution from…
All the hydrogen projects in Germany are so profitable and promising that they will be discontinued in series. The most recent of these reports comes from Saxony. The parent company is insolvent, the financing is no longer secured. Instead of hydrogen money is burned. If ideologies ignore rational business and economic principles, rarely something good will come out of it. Whether they are communist planned economies or green-globalist energy ph…
Here you can find information on the topic "Change in industry". Read now "Green steel stopped – Bremen is pushing for a future plan".
ArcelorMittal was to become a pioneer in climate-friendly steel production in Germany. Now the project "green steel" was canceled - a severe setback for climate policy and locations.
Due to expensive electricity prices, the steel giant ArcelorMittal cancels the conversion to the production of "green steel" in two German plants.
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