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Fuat Tosyalı; "As Türkiye, we need to mark the green steel"

Chairman of the Board of Directors of Tosyalı Holding Fuat Tosyalı stated that the iron and steel industry will be one of the most important actors of the green transformation process and said, "We need to mark green steel as Türkiye.

Fuat Tosyalı; "As Türkiye, we need to mark the green steel"

'Green Steel Summit 2024', organized under the main sponsorship of Tosyalı Holding in order to discuss the road maps for the green transformation of the steel industry with innovative and sustainable approaches, was organized in Istanbul.

Fuat Tosyalı, Chairman of the Board of Directors of the Turkish Steel Producers Association (TÇÜD) and Tosyalı Holding, made the opening speech of the summit and said that sustainability is now a necessity.

Tosyalı stated, 'The European Green Deal is an opportunity. It is an opportunity to convert the transition to a green economy into an economic and industrial opportunity. The iron and steel sector is a candidate to be the most important actor in this green transformation process. Because steel is with us at every point of our lives.

Expressing that they are on the threshold of a bigger change, Tosyalı said, "As Türkiye, we need to mark the green steel. New energy sources are absolutely necessary for industrial production, and it is seen that this is hydrogen.

Reminding that Türkiye ranks high in the world steel production, Tosyalı pointed out that the steel industry realizes investments and green transformations with its own resources.

Pointing out that European competitors are fed with public support, Tosyalı said that all players of the steel industry can afford to make this change, and underlined that renewable energy, hydrogen, wind and electric vehicles and related sectors are all dependent on steel.

" Net zero era will open with the transformation of the iron and steel industry"

Tosyalı added, 'If the Net Zero era is to begin, the way to this will be paved with the transformation of the iron and steel sector. This transformation has several fundamental pillars. The most important agenda item is the use of clean energy sources in production. Because fossil fuels currently account for 75 percent of global steel production. The intensity is in coal. Therefore, clean energy investments are the most critical issue for our industry.

"We are moving towards becoming one of the 20 largest steel companies in the world within 5 years"

Fuat Tosyalı mentioned that as Tosyalı Holding, they were the first iron and steel company to take action on green transformation and said, 'Sustainability is not just a part of our business, it is all of it. So much so that our ongoing investments in Algeria and the newly commissioned Tosyalı Demir Çelik İskenderun Plant in Türkiye are completely focused on sustainability. We are focusing on Industry 4.0 investments for the sustainability of production. We are making significant investments in artificial intelligence algorithms and digital technologies for monitoring business processes. In this way, we ensure both the continuity and efficiency of production and energy savings, while also reducing our emissions. For example, we are using Quantum Furnace technology at the Tosyalı Demir Çelik İskenderun Plant, which we have started production at İskenderun Second Organized Industrial Zone, and this is a first in Türkiye.

Highlighting that instead of relying on coal-based energy, they always take careful steps by considering the future of the world and turn to clean and renewable energy sources, Tosyalı said, 'We have been making serious investments in solar energy for a long time. As Tosyalı, we are moving towards the goal of becoming one of the 20 largest steel companies in the world within 5 years. And we believe that we will achieve this through sustainability-oriented investments. Being recognized as one of the world's leading green steel producers will be the greatest reward for us.

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