10,479.16 TRY BIST 100 BIST 100
41.57 TRY Interest Interest
83.38 USD Fossil Oil Fossil Oil
31.38 USD Silver Silver
4.67 USD Copper Copper
120.47 USD Iron Ore Iron Ore
382.00 USD Ship Dismantling Ship Dismantling
2,414.34 TRY Gold (gr) Gold (gr)

ArcelorMittal to set up technology centre for decarbonisation in Spain

ArcelorMittal has agreed to partner with energy company Repsol, carrier Iberia and cement giant Holcim Group to create a major industrial technology and innovation centre.

ArcelorMittal to set up technology centre for decarbonisation in Spain

The joint venture, called All4Zero, will manage the development of decarbonisation and circular economy projects in Spain. This is seen as a strategic alliance for the four companies to find common ground in reducing emissions and promoting the reuse of waste and by-products in the steel, energy, aerospace and cement sectors.

The founders said, "At All4Zero, we contribute to the development of technologies that offer promising solutions to the problems of energy transition and climate change. In the evolution towards a circular production economy, the reuse and optimisation of resources are the paths to follow to strengthen the sustainability of the industry. However, this change will require the development of technologies that allow the recovery of waste or the efficiency of processes."

The All4Zero project will be officially presented on 6 September.

ArcelorMittal's plan in Spain involves building a 2.3 million tonnes/year green hydrogen-based direct reduced iron unit complemented by a 1.1 million tonnes/year hybrid EAF to replace the existing blast furnace. The company gave the green light for the EAF investment in early August. The plant is expected to be operational in the second half of 2025.


No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Taiwan’s stainless steel mills set to increase prices

Thursday, May 30, 2024

POSCO will provide steel slag for environmentally friendly asphalt production

Thursday, May 30, 2024

"Super-rapid market insights using satellite technology"

Thursday, May 30, 2024

Flat steel import prices in UAE and Saudi Arabia remain stable as buyers exercise caution

Thursday, May 30, 2024

Iron and steel export value of Türkiye increased by 22% in January-April period

Thursday, May 30, 2024
Follow List
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.

There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now