European steel industry reaffirms its commitment to R&D to reduce CO2 emissions
The European Steel Technology Platform (ESTEP) has today decided to launch a second phase of the Ultra Low CO2 Steelmaking research programme. ULCOS-II will be the world’s most ambitious Research and Development (R&D) effort to reduce process-related CO2 emissions in steelmaking. The current ULCOS project brings together steelmakers, companies in the steel supply chain, research laboratories and universities to devise the breakthrough technologies that can bring about enhanced reductions in CO2 emissions from steelmaking, with almost €30m of funding already allocated from the EU's research programmes, including the Coal and Steel Research Fund (IP/07/1041) managed by the European Commission. The next phase will require significant levels of investment – the first industrial-scale demonstration is estimated at €300 m.