March 22 (Reuters) - Voestalpine's supervisory
board has approved an investment of 1.5 billion euros ($1.62
billion) in CO2-reduced steel production, the Austrian specialty
steelmaker said in a statement on Wednesday.
Two electric arc furnaces are to be built in Voestalpine's
plants at Linz and Donawitz by 2027, and are foreseen to replace
one blast furnace in each of these locations by 2030.
The new furnaces will enable Voestalpine to produce around
2.5 million tons of CO2-reduced steel per year, thus cutting its
Co2 emissions by up to 30%, according to the company.
($1 = 0.9284 euros)
(Reporting by Tristan Chabba and Anastasiia Kozlova in Gdansk,
Editing by Friederike Heine)
anastasiia.kozlova@thomsonreuters.com))
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