By 2030, OYAK Group will invest $3.2 billion in transformation
Turkish steel producer Erdemir, part of the iron and steel group OYAK, continues to invest to achieve zero emissions. This was reported by Tempo Gazetesi.
As Erdemir CEO Niyazi Aken Peker explained, OYAK companies aim to reduce carbon emissions per ton of products by 25% by the end of 2030 and by 40% – by 2040, as well as to achieve zero emissions in 2050 as part of the “road” cards of the group.
According to him, by 2030, investments in the transformation of $3.2 billion will be gradually implemented, mainly through external financing, to achieve the zero emission level of OYAK.
General Director Erdemir noted that according to these investments, additional jobs will be created for a thousand people in the first phase, and for 500 people later. In addition, coke battery No. 4, which is currently under construction and will be put into operation at the beginning of 2025, will contribute to the improvement of the company’s environmental performance.
Niyazi Aken Peker also commented on the announcement of Erdemir as a special industrial zone. According to him, this status will provide an impetus for increasing capacity, diversifying products and investing in the “green” transformation of the company.
«Erdemir, which is one of the five largest industrial enterprises in Turkey, plans to meet the current and future needs of the country’s industry at the highest level. The company will make investments to increase the variety of value-added products, especially products of strategic importance,» he said in particular.
Erdemir is the largest integrated producer of flat products in Turkey.
As GMK Center reported earlier, Turkey should join the green transformation, believes Fuat Tosyali, the chairman of the board of directors of Tosyalı Holding – one of the largest Turkish producers of steel and steel pipes. Currently, the metallurgical sector of the country is implementing investments and green transition with the involvement of its own resources
