Austrian Mining and Steel Association
Future steel making as an enabler of the European Green Deal.
The prime objective of the European Green Deal is to transform its economy to a carbon-lean, environmentally responsible, circular and international competitive future. The European and the Austrian steel industry is committed to cut emissions from steel production by between 80-95% by 2050 under the right conditions. This requires fundamental change in the way steel is made, the breakthrough technologies mean using hydrogen and renewable electricity to produce steel. The demand is enormous, in Europe the steel industry will require additional 400 terawatt hours of carbon free electricity for every year from 2050 at the latest – about seven times what the sector purchases currently. The transformation of the steel industry has an huge impact on its capital and operating costs, investments of mulit-billion Euros are required. This is why the transition relies so heavily on the right conditions being in place, beginning from building up the infrastructure, taxonomy, sustainable finance, to protection against carbon leakage.
This presentation will refer to all the issues and explains, how the steel industry can manage its transition to a green steel production.
Roman Stiftner is Managing Director of the Austrian Mining and Steel Association and of the Austrian Non-Ferrous Metals Association since 2008. He is also Secretary General of EUMICON, the European Mineral Resources Confederation, in Vienna. He started his career in the field of logistics automation at Siemens AG Österreich, and later served as CEO of Dematic Central-Eastern Europe. Since 2011 he is President of the Austrian Logistic Association. He holds a degree in electrical engineering and economic engineering from the Technical and Economic University Vienna.