The first coils of greentec Steel Edition were shipped from the steelworks in Linz this week. Since the end of last calendar year, voestalpine has been offering all Steel Division flat products with a reduced carbon footprint. Examples include electrical steel, which is used in wind turbines, and high-strength steels for lightweight automotive structures.
Carbon emissions are reduced by adjusting the manufacturing process, such as partially replacing coke with a hydrogen-based reducing agent. The CO2 savings are calculated according to the international standard ISO 14064-2. The balance model is applied to allocate the actual CO2 savings to a certain amount of product. LRQA, the world's leading guarantee provider, verifies and certifies both the CO2 reduction and the balance sheet.
greentec steel is voestalpine's 2021 plan to decarburize steel production. An important first step is the gradual transition from blast furnace to hybrid electric steelmaking technology from 2027.
voestalpine is the world's leading steel and technology group with a unique combination of materials and processing expertise. voestalpine, which operates worldwide, includes about 500 companies in more than 50 countries on all five continents. In fiscal year 2021/22, voestalpine posted a record €14.9 billion in revenue with an operating result (EBITDA) of €2.3 billion.