9,179.48 TL BIST 100 BIST 100
4.35 CNY CNY CNY
31.13 $ USD USD
€33.79 EUR EUR
0.13 CNY CNY/EUR CNY/EUR
44.36 TL Interest Interest
83.30 $ Fossil Oil Fossil Oil
22.41 $ Silver Silver
3.84 $ Copper Copper
115.68 $ Iron Ore Iron Ore
394.00 $ Ship Dismantling Ship Dismantling
2,041.87 TL Gold (gr) Gold (gr)

El Marakby Steel plans $5 million investment for clean energy use

El Marakby Steel Group plans to launch a plan to rely on clean energy in production to reduce carbon emissions with $5 million worth of investment over the next three years.

El Marakby Steel plans $5 million investment for clean energy use

El Marakby Steel Group plans to launch a plan to rely on clean energy in production to reduce carbon emissions, with an investment of $5 million over the next three years.

Hassan El Marakby, President of El Marakby Steel Group, explained that his group's green industry and sustainability strategy is based on the addition of new lines for the recycling of scrap waste in the coming period, as well as the establishment of a solar power plant, taking advantage of great advantages.

In his statements to Al-Mal, Al-Marakby explained that this trend has become necessary at the current stage in conjunction with the global quest to reduce carbon emissions.

He stressed that importers in several European markets have set specifications for green production and emissions reductions that must be met by products entering their markets, and prioritize industries that meet these requirements.

He stated that Marakby Steel's exports in total production were recorded at the rate of 40% this year and it is aimed to increase to 60% by the end of 2023.

He explained that in the light of current data and changes, the most important goal behind the pursuit of increasing exports, which will be used in financing the import of raw materials required for production, is to maximize foreign exchange revenues.

Comments

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

Zaporizhzhya Ferroalloy Plant continue to go on downtime in March

Wednesday, February 28, 2024

Global steel sheet markets remain flat; Türkiye's spot market recorded a decrease

Wednesday, February 28, 2024

New regulation for Canadian steel importers

Wednesday, February 28, 2024

In Brazil, flat steel sales increased on a monthly and yearly basis

Wednesday, February 28, 2024

China's iron ore futures recovered

Wednesday, February 28, 2024
Follow List
Expand
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