Burkhard Dahmen: Yes and no. It is true, the solutions to fully decarbonize the steel industry are at hand. But greenfield projects like H2 Green Steel are an exception right now. Most of our customers are starting by modernizing their existing plants. With our solutions, large-scale quick wins are possible here. We can reduce the carbon footprint of an existing blast furnace by around 30 percent, mainly by injecting hydrogen or hot synthesis gases.
Our metallurgy team in Luxembourg is currently working on a new furnace that achieves a CO2 savings potential of up to 70 percent. In combination with carbon capture, this could result in climate neutrality. If everything goes as planned, this technology will significantly contribute to the decarbonization of existing steel mills.
Of course, ironmaking is a focus of both SMS and our customers because 80 percent of greenhouse gas emissions come from the primary production stage. But we also have solutions for the downstream processes from steelmaking to the finished product. Take our digital solutions like the Viridis energy platform: This is a comprehensive energy management solution that improves the energy performance along the entire value chain while reducing energy-related expenses, raw material consumption, and finally, carbon, greenhouse gas, and waste emissions.