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Italian company Acciaierie d'Italia receives funds to decarbonize its Taranto plant

Italian company Acciaierie d'Italia receives funds to decarbonize its Taranto plant
According to a statement from the European Commission, it will allocate 1 billion euros to Italy to help bring about climate change in the province of Taranto. These investments will be used to diversify the economy and create jobs in green sectors such as renewable energy.

The main plant of the Italian steel company Acciaierie d'Italia in Taranto will receive part of the decarbonization funds. This plant is one of the most polluting plants in Europe and is in serious financial trouble.

With a third of industrial workers in the province of Taranto employed in the steel sector, 4,300 workers will be transferred to green jobs related to clean energy and the circular economy.

Recall that earlier it was decided that the future of the former Ilva Group in Taranto will be led by a new company Acciaierie d'Italia Holding Spa, and its main operating subsidiary ArcelorMittal Italia will be renamed Acciaierie d'Italia.

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