NZ’s biggest ever emissions reduction project unveiled

The Government is partnering with New Zealand Steel to deliver New Zealand’s largest emissions reduction project to date, with half of the coal being used at Glenbrook steel to be replaced with electricity to recycle scrap steel.
 

The conditional deal with NZ Steel will be part funded up to $140 million from the $650 million Government Investment in Decarbonising Industry (GIDI) Fund, which enables partnerships with industry to reduce their emissions. The rest will be funded directly by NZ Steel. 
 

“The Government is partnering with NZ Steel to reduce 800,000 tonnes of climate pollution from its Glenbrook mill each year. That’s the equivalent of taking approximately 300,000 cars, or all the cars in Christchurch, off the road,” Megan Woods said.

“The Government will help co-fund an electric arc furnace to replace the existing steelmaking furnace and two of the four coal-fueled kilns.

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