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
US nuclear firm Westinghouse Electric Company has signed memorandums of understanding (MOUs) with 17 Bulgarian…
By 2030 Artificial Intelligence could be contributing as much as 11.5%, or USD 700bn (EUR…
Lithuania had the lowest annual inflation rate of 0.4% in the EU in March 2024,…
Lithuania will hold a constitutional referendum on whether its citizens can hold dual and multiple…
The ruling conservative Croatian Democratic Union (HDZ) won the most seats but failed to secure…
Shippingmanagement and payment system Ikas has announced that it will initiate operations in…