Spanish long products supplier Celsa Group says it has received €2.5 million ($2.83m) from the National Ministry of Industry, Trade and Tourism’s €54m fund for innovation and sustainability projects in the manufacturing industry.
The steelmaker will use the aid to accelerate its programme to promote the circular economy and reduce CO2 emissions, Kallanish learns from Celsa.
“The Group is reorganising its operational structure to promote strategic objectives by creating two new positions – chief circular officer (cco) and chief strategy & sustainability officer (csso),” Celsa explains. These will be held by Xavier Cabré and Juan Carlos Orozco Rodríguez respectively. The steelmaker’s main target remains to be “net positive” by 2040.
Celsa is still awaiting approval to access the Spanish government Covid-19 crisis rescue fund (Sepi), to help maintain its solvency. The estimated amount requested is almost €700m, according to media reports.
Todor Kirkov Bulgaria