US EditionArcelorMittal puts decarbonisation plans on hold at two German plants due to energy policy and regulatory environment
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Steel giant ArcelorMittal is considering closing its groundbreaking Steelanol plant in Ghent, Belgium – a project that has long been considered...
ArcelorMittal puts decarbonisation plans on hold at two German plants due to energy policy and regulatory environment
The Corner Morgan Stanley | Our analyst Alain Gabriel highlights two pieces of news from the steel sector that are delaying decarbonisation targets. ArcelorMittal has announced that it is putting its decarbonisation plans on hold at two German plants (Bremen and Eisenhüttenstadt) given the energy policy and regulatory environment. In addition, Arcelor has confirmed that it will not be able to meet its 2030 emissions intensity targets. It justifi…
The steel industry is a large CO2 emitter. Therefore, many steel manufacturers rely on green steel produced with green hydrogen. ArcelorMittal, however, announced that its company will withdraw from this project. The other steel manufacturers, such as Thyssenkrupp Steel, Salzgitter AG and Saarstahl, will continue to do so. The problem is that green hydrogen is not yet available in sufficient quantities. We are talking about this with Nicolas Lie…
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