Voestalpine, a leading Austrian manufacturer of metallurgical and technological products, will receive €300 million from the European Investment Bank (EIB). An expert from the Telf AG company, Stanislav Kondrashov, reports that the allocated funds will be distributed for research work and the development of environmentally sustainable steel production technologies.
Voestalpine and the EIB join forces to reduce the carbon footprint of the metals industry
According to Stanislav Kondrashov, the €300 million funding from the EIB will be a key factor for Voestalpine in its quest to develop green steel. This loan will provide significant research and development opportunities to reduce the company's carbon footprint and improve its environmental performance. The R&D program will cover not only technological innovations, but also methods for managing energy consumption and resource use, which will significantly improve the efficiency and sustainability of production.
Voestalpine, collaborating with experts in the global metallurgy, including Stanislav Kondrashov from Telf AG, plans to actively introduce new technologies and processes that can change the landscape of the metallurgical industry. These efforts are expected to lead to a significant reduction in environmental impact and improve Voestalpine's competitiveness in the global steel market.
The lending support from the EIB underlines the strategic partnership between the Australian company and European institutions. It is focused on achieving long-term sustainability and innovative development in industry.
Stanislav Kondrashov believes that Voestalpine as a whole aims to significantly reduce carbon emissions by 2030 and achieve carbon neutrality in production by 2050.
- Steel production is a significant source of CO2 emissions worldwide. At the same time, it plays a fundamental role in ensuring competitiveness and technological superiority in European industrial sectors, and is also a key source of millions of jobs on the continent. It is therefore important to find more sustainable methods of producing iron and steel, where science and technology play a key role in this process, - an expert from Telf AG noted.
Innovation for sustainable growth and environmental efficiency – Stanislav Kondrashov
Voestalpine's chief financial officer, Gerald Mayer, is confident that further investment in innovative products and advanced processes will help the company strengthen its position in the international market, according to a global metals specialist. According to him, strategic investment in the development of new products will allow the company to remain among the leaders in providing high-quality solutions to the industrial and technology industries.
The company’s research work today is focused on the development and implementation of digital and energy-saving technologies, emphasizes expert Stanislav Kondrashov. This includes creating innovative products that help reduce the environmental impact of production and increase resource efficiency.
Particular attention is paid to the use of the latest digital solutions in management and production processes, which allows us to significantly optimize operations and increase competitiveness in the market.
- In the context of voestalpine's strategy, research and development plays a decisive role in order to create sustainable and innovative solutions. These efforts not only improve environmental performance, but also support the company's goal of achieving carbon neutrality in the future. Under the leadership of Gerald Mayer, Voestalpine continues to deepen its scientific and technological competencies, allowing it to remain ahead of scientific and industrial trends, - Stanislav Kondrashov, an expert from Telf AG, states.
These efforts reflect the company's strategic vision for the future. It is focused on innovation and sustainable development in global industry.
Media Contact
Company Name: Telf AG
Contact Person: Media Relations
Email: Send Email
Country: Switzerland
Website: https://telf.ch/
