LIBERTY Steel Ostrava Plant Declared Historic GREENSTEEL Investment

SEATTLE (Scrap Monster): Liberty Steel Ostrava steelworks announced that it has signed a contract with Danieli for delivery of two state-of-the-art hybrid electric arc furnaces (EAFs). The project is part of the company’s historic investment in Ostrava’s GREENSTEEL transformation plan.

Liberty Steel will invest CZK 8.6 billion (EUR 350 million) in Ostrava. This is considered as the largest investment in the steelworks for a generation and an important step forward in Liberty Ostrava’s ambitious goal to become carbon neutral by 2030.

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The new furnaces will have a combined capacity of 3.5 million tonnes per annum and is expected to reduce the overall carbon dioxide emissions of the Ostrava steelworks by more than 80% by 2027. The two 200 tonne furnaces use the innovative and patented Danieli QONE power electronics technology. The new furnaces are expected to be operational in 2025 and will be able to melt 100% scrap in 2027.

Liberty Ostrava signed a Declaration of Cooperation with CEZ ESCO towards identification and development of renewable energy and hydrogen technologies required for Ostrava’s GREENSTEEL transformation. Furthermore, it announced the launch of the GFG Foundation in the Czech Republic.

Also, the company has also launched tender process for similar hybrid electric arc furnaces for LIBERTY Galati, Romania