Steel being created in an electrical arc furnace inside Interpipe Group’s Dniprosteel metalworks. It is one of the five metallurgical plants in Ukraine that may qualify for a new incentive that rewards companies that reduce their CO2 emissions. Most Ukrainian metalworks still use older open hearth furnace technology.
If Ukrainian metallurgists want to do business with Europe, open-hearth furnaces need to become a thing of the past.
Under its Green Deal, the European Union will implement environmental protectionism and charge high tariffs for goods that don’t meet ecological standards. Staying competitive in the European market means investing in technology that greatly reduces emissions.