8,026.27 TL BIST 100 BIST 100
3.90 CNY CNY CNY
28.93 $ USD USD
€31.46 EUR EUR
0.12 CNY CNY/EUR CNY/EUR
613.00 TL Interest Interest
78.38 $ Fossil Oil Fossil Oil
25.47 $ Silver Silver
3.88 $ Copper Copper
130.49 $ Iron Ore Iron Ore
375.00 $ Ship Dismantling Ship Dismantling
1,939.91 TL Gold (gr) Gold (gr)

Hoa Phat Group takes first steps towards green growth strategy

Hoa Phat Group, Vietnam's largest steel producer, has proactively launched an investment roadmap to develop green steel, reduce greenhouse gas emissions and aim for carbon neutrality in the future.

Hoa Phat Group takes first steps towards green growth strategy

The Vietnam Steel Industry Conference and Exhibition on green growth strategy, organized by the Vietnam Steel Association, was held on 12-13 September 2023 at the Hanoi International Convention Center. More than 200 businesses attended the conference. At the conference, where it was emphasized that green developments have become a global and national goal, Vietnamese steel producers announced their own development plans.

Hoa Phat Group, Vietnam's largest steel producer, has proactively launched an investment roadmap to develop green steel, reduce greenhouse gas emissions and aim for carbon neutrality in the future.

Hoa Phat announced that it aims to be carbon neutral by 2050 by creating a roadmap to optimize all production stages in a circular, closed direction, reduce energy consumption and develop green steel according to the general direction of the company and reduce CO2 emissions.

Hoa Phat will collaborate with the world's leading metallurgical partners to research and implement a carbon-neutral metallurgical technology roadmap. For increasing the use of renewable energy, DRI direct recovery technology; He also stated that plans are being made to replace fossil fuels by using natural gas fuel to recover iron ore, to apply continuous rolling technology to reduce energy consumption, and to move towards zero CO2 emissions.

Representatives from the Ministry of Commerce (MoIT), Ministry of Natural Resources and Environment (MoNRE), ASEAN Iron and Steel Association and International Finance Corporation (IFC) attended the conference.

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

The rate of rent increase for workplaces is determined

Monday, December 4, 2023

30 billion dollars of trade between Turkiye and Saudi Arabia!

Monday, December 4, 2023

Arvedi Group prepares to outsource its operations in Türkiye to a local company

Monday, December 4, 2023

A ferroalloy production plant will be built in Kazakhstan in 2025

Monday, December 4, 2023

TUIK announces November inflation rate

Monday, December 4, 2023
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

Global Iron and Steel Exchanges

Iron and Steel Indices, Price and News

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