EQS-News

Salzgitter Aktiengesellschaft: EU Commission declares the funding for Salzgitter AG’s low CO2 steel production permissible - Seite 2

SALCOS is aimed at converting steel production at Salzgitter into low carbon crude steel production in three stages over the period up until 2033. The first stage with a crude steel capacity of 1.9 million tons a year is scheduled to go live as early as the end of 2025. As part of the full transformation, two direct reduction plants and three electric arc furnaces will be built and will then incrementally replace the blast furnaces and converters. The transformation will enable the steel production that was formerly based on coking coal to be replaced by a new hydrogen-based route. Approximately 95 % of the annual carbon emissions totaling around 8 million tons are to be saved, thereby avoiding approximately 1 % of Germany’s carbon emissions.

 

Salzgitter AG contact:

Thorsten Möllmann

Head of Global Group Communications and Branding

Tel.: + 49 (0)5341 21 2300

email: [e-mail]

www.salzgitter-ag.com

 

Olaf Reinecke

Global Group Spokesman

Tel.: [phone]

email: [e-mail]

www.salzgitter-ag.com

 

Salzgitter AG ranks as one of Germany’s leading steel and technology groups.

As a pioneer in the circular economy, we focus on sustainable innovation and on transforming products and processes in the business units of Steel Production, Steel Processing, Trading and Technology.

With our Salzgitter AG 2021" strategy and anchored in the principle of “Pioneering for Circular Solutions”, we are setting new benchmarks in the industry. Our aspirations are realized through strong initiatives and programs such as SALCOS - Salzgitter Low CO₂ Steelmaking. Through partnerships and in networks, we are actively driving the process of development towards a circular economy.

With around 25,000 employees worldwide at 150 national and international subsidiaries and associate companies, we live up to our global aims for growth, profitability and our pioneering position. In the financial year 2021, we generated external sales of around € 10 billion, with a crude steel capacity of 7 million.