THEsteel industry Italy takes a step forward towards decarbonisation. Invitalia make hopes in a release di having given life to Dri d'Italia, a joint-stock company whose goal is to build the first plants in Italy for the production of “pre-reduced”, a raw material consisting of at least 85% metallic iron which serves to power electric ovens to reduce the production of integrated cycle steel with carbon-coke.
Dri d'Italia, 100% controlled by Invitalia, thanks to funds allocated by the Ministry of the Economy has a initial share capital of 35 million euros which "may be increased, even in several installments, in relation to the evolution of the progress of the feasibility analyses, up to a maximum limit of 70 million”, reads the press release.
Iron and steel: the "pre-reduced" at the heart of European decarbonisation
The establishment of DRI of Italy, continues the note, is "a decisive step to relaunch and reconvert, in a green key, the Italian steel sector, in line with the strategy, governed by the European Commission, to guarantee to zero emissions in Europe by 2050".
Also Sweden, Germany e France – the European countries leading the transition towards the decarbonisation of steel – are planning the creation of plants for the production of pre-reduced
In detail, Dri d'Italia will initially take care of realizing feasibility studies from an industrial, environmental, economic and financial point of view for the design, construction and management of pre-reduced production plants.
Il board of directors, which met for the first time on February 14, is composed of Franco Bernabe (President), Stephen Cao (CEO), by Ernesto Somma, Tiziana de Luca and Paola Bologna.
