Global steel giant ArcelorMittal has announced that its Romania-based subsidiary ArcelorMittal Galati has invested more than €7 million to upgrade a set of turbine blowers, aimed at reducing energy consumption at its blast furnace No. 5. The turbine blowers inject cold air into the blast furnaces.
The investment is part of ArcelorMittal Europe's plans to reduce energy consumption by 15 percent over the next five years. The action plan under this project covers a wide range of areas, from energy-intensive equipments and processes to office activities and involves all parts of the business, from operations, to maintenance, investment and purchasing.
The company said that over the past 10 years ArcelorMittal Galati has invested almost €800 million in upgrading its technology, modernizing the production facilities and replacing obsolete equipment. This has resulted in efficiencies throughout the production chain.