Business News
Overview: Business News
Swiss Steel subsidiary receives funding for green steel
02.10.2023
Swiss Steel subsidiary Deutsche Edelstahlwerke (DEW) is to receive around half a million euros in funding from the German government. The money will be used to upgrade a reheating furnace at the Krefeld site for operation with hydrogen. The measure is part of the "H2-HotRoll" project of the VDEh steel institute.
Uniper plans hydrogen production at coal-fired power plant
02.10.2023
Uniper plans to produce green hydrogen at the site of its coal-fired power plant in Ratcliffe-on-Soar, England, after its closure in September 2024. The project is intended to help transform the site into a carbon-free technology and energy center.
H2 Alliance Osnabrück presents feasibility study
02.10.2023
A network of companies in Lower Saxony is planning hydrogen projects in the Osnabrück region. Georgsmarienhütte, KME Germany, Q1 Energie, EWE and the Kompetenznetz Individuallogistik (KNI) e. V. are among them.
Metaloop receives largest European investment in steel scrap
27.09.2023
In a "Series-A" financing round led by New York-based technology investor FirstMark Capital, Metaloop, a Graz-based provider of metal recycling software solutions, has raised €16 million. This is said to be the largest financing for recycling technology in Europe.
Additive manufacturing of high-performance metals thanks to Shunyu Liu
27.09.2023
Shunyu Liu's work from Clemson University at the intersection of materials science and automotive engineering has provided a new impetus for additive manufacturing and the U.S. manufacturing sector.
Disclosure of the CO2 footprint of the de:karb research project
27.09.2023
Thyssenkrupp Materials Services, the Fraunhofer Institute for Production Engineering and Automation IPA and other partners, led by TRUMPF, are researching how CO2 consumption can be reduced in sheet metal production.
First phase of the new scrap processing plant at FERALPI STAHL inaugurated
27.09.2023
FERALPI STAHL celebrated the commissioning of the first phase of scrap processing in Riesa with around 100 invited guests. In addition to Michael Kretschmer, the Prime Minister of the Free State of Saxony, Giuseppe Pasini, the President of the Italian Feralpi Group, was present.
IW warns against permanent subsidies
27.09.2023
The German industrial location did not do well last year, shows a new study by the German Economic Institute (IW). The structural change increases the pressure, politicians have no choice: Germany must pursue location policy.
Global CO2-neutral supply chain: Alfa Laval and SSAB cooperate for fossil-free steel
27.09.2023
Currently, around seven percent of global CO2 emissions are caused by steel production. In 2022, Alfa Laval started a cooperation with steel producer SSAB to offer the first heat exchanger made of fossil-free steel.
German companies must not be endangered by CBAM
27.09.2023
The new EU border adjustment mechanism for CO2, “CBAM”, will start shortly. The German Chamber of Commerce and Industry (DIHK) warns that European climate protection ambitions should not put the German economy at an international competitive disadvantage.