LIBERTY Ostrava invests EUR 350M in hybrid electric arc furnaces

LIBERTY Ostrava signed a contract with Danieli for two hybrid electric arc furnaces, part of a CZK 8.6 billion (EUR 350 million) investment to reduce emissions by over 80% by 2027. The furnaces are expected to be operational in 2025.

“The new furnaces, the first of their kind in Europe, will have a combined capacity of 3.5 million tonnes per annum.”libertysteelgroup.com

• 1 source
• libertysteelgroup.comLIBERTY makes historic investment in Ostrava’s GREENSTEEL transformation - LIBERTY Steel GrouplibertysteelgrJul 8, 2022

Summarized from public sources; check the original articles before acting on it.