Uncategorized

Plan to Decarbonize Steel Production in Slovakia

Reading Time: < 1 minute

Slovakia now has plans for a drastic reduction of the emissions of its steel mill in the city of Košice, following Slovakia’s finance minister (and former PM) Igor Matovič’s high-level visit to the US owner of the facility, US Steel.

The plan would replace the operation’s hydrocarbon-powered blast furnaces with electric ones, reducing the steel works’ carbon emissions by 80% at a cost of EUR 1.5 billion. Matovič said he hopes funding could come from EUR 6 billion in EU recovery funds allotted for Slovakia.

Overhaul of U.S. Steel Košice is important for Slovakia as it employs about 10,000 people.

Source: Euractiv

CET Editor

Recent Posts

Teltonika drops EUR 3.5bn ‘dream’ project in Vilnius

Teltonika has announced it is halting the construction of its EUR 3.5bn High-Tech Hill park…

6 days ago

Hungary’s energy strategy has left it vulnerable to electricity price speculators – report

Hungary’s electricity market has become a focal point for speculative trading, driven by a combination…

6 days ago

CEE secures EUR 1.4bn in AI funding in 2023-24

Central and Eastern Europe (CEE) is a rising force in artificial intelligence (AI) and startups…

6 days ago

EU assesses candidates’ progress in ten country reports

The European Commission (EC) analyses the accession prospects of all ten prospective members of the…

6 days ago

CEE mulls ramifications of Trump’s victory on trade, defence, environment

As Donald Trump officially declared his victory in the US election, he received congratulations from…

2 weeks ago

‘Budapest Declaration’ signed as Orban hosts EU summit

European leaders committed to developing a defence industry base and enhancing EU competitiveness at an…

2 weeks ago