"It's time to get serious about the environmental impact of producing steel and aluminium."
Sanjeev Gupta, Executive Chairman, GFG Alliance
The steel industry is facing a trilemma
Clearly, this is a conflict and fundamental change is needed.
With this in mind, we have announced our ambition to become carbon neutral by 2030 – or as we call it, CN30. This does not mean that we will have no emissions, or indeed that we will abandon traditional practices overnight. This will require strategic long-term thinking and it presents an opportunity for a change in mindset.
How do we plan to transition to GREENSTEEL?
Around 40% of LIBERTY’s steel is already produced from Electric Arc Furnaces (EAFs) in Australia, Poland, the UK and the US.
Our EAFs generate a third less emissions than conventional production from the Blast Furnaces we use in primary steelmaking plants in Australia (Whyalla), the Czech Republic and Romania.
To achieve our ambition to become a carbon-neutral steelmaker by 2030, our GREENSTEEL strategy focusses on:
- Unlocking our quality magnetite resource
- Combining steel scrap recycling with renewable power
- Introducing breakthrough technology to address emissions from primary steelmaking – this includes hydrogen steelmaking and DRI. Gas will be used in the new direct reduced process as a transitional reductant fuel before green hydrogen becomes available at scale and replaces gas as the reductant fuel.
LIBERTY steel has taken significant steps in its transition to GREENSTEEL from its early achievements in producing Australia’s first DR Pellets to LIBERTY Ostrava’s procurement of two hybrid electric arc furnaces.
LIBERTY’s GREENSTEEL Journey Starts with Magnetite
We are putting in place the building blocks for our transition to GREENSTEEL with our magnetite expansion project in Australia, which is important because high-quality processed magnetite ore is essential to the DRI process for making GREENSTEEL.
LIBERTY Ostrava’s transformation to GREENSTEEL and CN30
LIBERTY Ostrava aims to transform into a modern steel mill delivering an economically, environmentally and socially sustainable business with its GREENSTEEL transformation programme over the next eight years. The key element of that programme is the replacement of the steelwork’s four tandem furnaces with two new hybrid electric arc furnaces.
LIBERTY Galati GREENSTEEL transformation plan
LIBERTY Steel Group plans to invest in the LIBERTY Galati GREENSTEEL transformation programme over the next eight years. The key element of that programme is installation of two electric arc furnaces, a DRI plant and an integrated MI.DA minimill – with the potential to increase the production up to 4 MTPA.
Investing in Future Generations
The goal of the GREENSTEEL Academy programme is to help improve our local technical schools’ curriculum, make the steel industry more attractive for the young generation and secure sufficient, technically proficient employees to help the steelworks move into a GREENSTEEL future. The proof of our success is that we have so far employed 45 of those who have taken part in our initiatives. We are really pleased that we have been able to not only help young people in our area but will make a real difference to the future of our plant and our industry
The GFG Foundation seeks to inspire, empower, and enable young people in industrial communities to reach their life and employment potential. We do this through running school programmes in areas where GFG Alliance has a significant presence. These programmes give students some important skills to help them towards being job-ready after school. These include STEM based learning programmes, designed to involve students in problem solving real-world issues that are happening in their local communities.
Our CN30 campaigns at eventsView All
LIBERTY makes historic investment in Ostrava’s GREENSTEEL transformation
LIBERTY Ostrava signs contract with Danieli for two hybrid electric arc furnaces New furnaces will reduce LIBERTY Ostrava’s emissions by...
Reinventing Steel for a Sustainable Future
Sandip Biswas is Group Chief Investment Officer at GFG Alliance and Interim CEO, Primary Steel & Mining Europe & Australia...
American Chamber of Commerce Adelaide, Keynote Speech
Sanjeev Gupta, Executive Chairman of GFG Alliance and LIBERTY Steel Group, shares his views at the American Chamber of Commerce,...
Ziarul Financiar Investments for a Green Future in Romania
Four panels of experts from relevant fields discussed decarbonisation solutions and development opportunities for the Romanian industry, covering four major themes
Making GREENSTEEL today’s low-carbon reality: The investment case for GREENSTEEL
Sustainable industry leader, GFG Alliance (GFG), owner of LIBERTY Steel Group, announced the launch of a major new three-way policy partnership with Green Alliance, the University of Sheffield Advanced Manufacturing Research Centre and Bright Blue.
The partnership was launched with a “Prospectus for GREENSTEEL”, in which the three organisations highlighted the role of steel making and products made from steel can play in the drive to net-zero, with a competitive operating environment and the right policy incentives in place.