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Acciaierie d’Italia may receive €1.7 billion to build a DRI plant

Friday, 21 June 2024 15:19:01 (GMT+3)   |   Brescia

Adolfo Urso, Italy’s minister of enterprises and made in Italy, has stated that “a loan amounting to €1 billion coming from the Italian Cohesion and Development Fund will be used to realize a new DRI plant” at Italian steelmaker Acciaierie d’Italia’s Taranto’s site in order to start the carbon neutrality project in 2028. “There will also be a further €700 million available through development tenders to whoever wins the productive assets”, he added.

In addition, the minister also confirmed that Ukraine's Metinvest, India's Vulcan Green Steel (Jindal Group) and German-based Steel Mont. have visited the plants and were interested in the acquisition. These three companies are the potential investors for Acciaierie d’Italia, as SteelOrbis previously reported.

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