This decision will contribute to the achievement of the target of zero emissions, as well as accelerate investments
Erdemir, the largest steel producer in Turkey and part of the OYAK mining and metals group, has been declared a special industrial zone by a presidential decree. This is reported by TRT Haber.
As noted, this decision will contribute to achieving the company’s zero emissions target in 2050, as well as accelerate employment, investment and capacity expansion at Erdemir. As a result, the company will create additional jobs for 1,000 people in the first phase and another 500 people later.
In this way, Erdemir will continue to play an important role in the economic and social development of the city of Ereli in northwestern Turkey.
The steelmaker aims to increase its production of value-added products and strengthen its position in its sector and on the global market by capitalizing on the opportunities provided by the declaration of a special industrial zone. Erdemir aims to reduce its carbon emissions per tonne of production by 25% by 2030 compared to 2022, by 40% by 2040 and reach zero emissions in 2050.
Earlier this year, Erdemir announced plans to invest $3.2 billion to reduce carbon emissions by 25% by 2030. The company plans to reduce coal consumption by replacing high-carbon feedstock with biomass and natural gas, and is building new electric arc furnaces at its facilities in southern and northern Turkey. The modernization is expected to increase the company’s current steelmaking capacity from 9.5 million tons to 13.5 million tons during the modernization.
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