Voestalpine has invested heavily in environmental protection and climate change in recent years. As part of the global decarbonisation process, greentec steel is creating a phased plan for green steel production. It will start with Voestalpine's blast furnaces in Linz and Donawitz and will be replaced by electric arc furnaces. Voestalpine is expected to be ready for this by 2027.
With the planned EAF in both Linz and Donawitz, they will reduce their current CO2 emissions by around 30 per cent. This corresponds to around 5% of Austria's annual CO2 emissions and saves around 4 million tonnes of CO2 per year. Another blast furnace will be replaced by an EAF in 2032 or 2033.
They are taking measures to further expand renewable energy production to meet future green electricity demand. The company aims to be carbon-neutral by 2050.