Danieli Group, an Italian equipment supplier, announced its plan to invest EUR 572 million over five years in projects of plant energy efficiency and waste recycling, for the company’s goal of sustainability.

The most important of these projects is the Digital Green Plant, which will allow the company to have an annual production capacity of 700,000 tons of special steel.

The plant will feature an automated digital furnace, powered by self-generated energy from renewable sources.

The company aims to realize a circular economy by reducing electricity consumption by 15% and emissions by 25% and recycling 100% of the waste and water used to heat the furnace.

The plant was expected to start in 2027. Besides, the steel steelworks’ existing furnaces will be retrofitted to reduce CO2 emissions.