Posted on 21 Sep 2023
Liberty Steel Group and China’s CISDI Engineering Co. have formed a partnership, in collaboration with the Hungarian Ministry of Economic Development, to prepare for the decarbonisation of the Dunaferr steelworks.
The firms will develop a decarbonisation pathway that will see Dunaferr shift from coal-based steelmaking to electric arc furnace technology, thereby reducing direct CO2 emissions by approximately 80%. The plans, which are subject to EU regulatory approval, will see the installation of a new 150-tonne capacity EAF to be supplied by CISDI. The EAF carries the latest in energy efficient technology and allows for flexibility in charge materials, Liberty says.
The Hungarian economic development ministry has committed to “exploring support for the project’s delivery through its administrative processes”, Liberty adds.
“We’re transitioning to lower carbon technologies at speed across our global operations and we intend to do the same at Dunaferr,” Liberty executive chairman Sanjeev Gupta says in a note sent to Kallanish. “We know from experience that to move quickly you need the support of world class technology partners, the right financing structures and a supportive government, which is why the formation of this group is so important.”
Hungarian economic development minister Márton Nagy says: “While thousands of jobs were endangered due to the negligence of the previous irresponsible management, and last December even the coal supply was not guaranteed at the plant, today we are witnessing the signing of an agreement that will lay the foundation for green steel production in Dunaújváros, which is the future of the steel industry. This will provide long-term security and predictability for thousands of jobs.”
Source:Kallanish
