It contributes to the circular economy and generates green ethanol, which can be used as fuel or feedstock in multiple chemical processes.
Summary sheet
First of its kind demonstration plant for the production of advanced bio-ethanol through an innovative gas-fermentation process using exhaust gases emitted by a steel mill.
The project aims to demonstrate the commercial viability of such bio-ethanol production to improve the sustainability of the European steel manufacturing industry and its profitability, by valorising steel process off-gases.
The project will be implemented within the perimeter of fully authorised existing facilities. According to the competent authority, an Environmental Impact Assessment (EIA) is not required. The project has been screened out according to Annex II of the EIA Directive 2014/52/EU amending the Directive 2011/92/EU. The Bank's services will assess the environmental and climate relevant details during project appraisal.
The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).
Documents
News & Stories
Inside the project
How and Why
Reducing CO2 emissions and promoting a circular economy
Why
- Steel-making is a high-emissions industry. We need steel, but we don’t need the emissions. We need to make steel sustainable
- Energy efficiency in industrial processes can make a big dent in global emissions
- An innovation with global implications developed in Europe. We back European innovators
How
- This is a first-of-its kind industrial scale demonstration of ground-breaking new technology that will help reduce CO2 emissions in steel production and promote a circular economy
- The technology supported by the project will reduce the steelmaker’s CO2 emissions in Belgium and then at other sites in Europe and around the world
- The project involves converting waste wood into a coal substitute that will be used in the steel plant along with waste CO2 to produce bio-ethanol
Sectors & Countries
Play video
0:52
As a material producer, we believe that we must focus on circular economy and develop ‘cradle to cradle’ processes which use less primary resources and enable us to reduce the carbon emissions.
Related media
Green steel, circular steel
Big steelmaker ArcelorMittal uses an innovative steel decarbonisation technology that saves CO2 emissions–and turns them into useful biofuel
A plan for the future of the planet
We publish our Climate Bank Roadmap, outlining our bold ambitions for climate finance to back the European Green Deal and make Europe carbon-neutral
Related projects and stories
A tide of innovation
A European Investment Bank initiative boosts innovation in the blue economy, promoting sustainable ocean growth and advances in marine technologies and resources
Europe in a changing world
As the world changes, the European Investment Bank is getting ready for 2025, with a focus on integrating markets, simplifying processes, strengthening security and resilience
Technology without an expiry date
Finnish company Swappie innovates smartphone refurbishing to reduce carbon emissions, minimise e-waste and conserve critical raw materials
General enquiries and comments
The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.
Media enquiries
Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.
Complaints mechanism
Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.
Zero tolerance against fraud and corruption
The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.
Related publications