There is a great need to decarbonize industry sectors and especially the most emission rich industries like Steel Industry. Business Finland’s Decarbonizing Industries campaign organizes events in Germany and Türkiye this upcoming fall to network, share the knowledge and meet in person international steel companies with the great need to find technologies to decarbonize their operations in order to meet the their customers’ needs and regulations. The aim is to build long term relationships and to initiate co-creation activities in the longer run.
Join the delegation to learn how world’s 7th largest steel manufacturer, Türkiye, is implementing and investing in decarbonization efforts in iron & steel industry, and to present Finnish capabilities to Turkish audience.
In 2021, the EU announced “Fit for 55 Package” in which the Carbon Border Adjustment Mechanism (CBAM) was introduced. CBAM will result in charges for import goods coming to the EU by enforcing purchase of CO2 allowances. Türkiye’s main export destination in iron & steel industry is the EU with 7.4 mil. tons, which stands for EU’s 31% of total steel imports. Studies made for various scenarios indicate that the competitiveness loss may reach up to 10 % for Türkiye’s steel industry due to CBAM. Türkiye envisions to establish its own compliance market, similar to the EU’s ETS.
The goal of these trade missions is to get to know the key stakeholders of German and Turkish industry, their decarbonization plans, how they are applying decarbonization solutions, and in which new solutions they are interested in. This delegation program includes a seminar with networking, site visits and meetings all tailor-made to Finnish companies providing decarbonization solutions for energy intensive industries such as steel and metal. The focus is for example, but not only, in renewable energy projects, digitalization, energy and material efficiency, hydrogen, CBAM and carbon market solutions, as well as R&D&I in all above-mentioned topics.
The visit will give companies an opportunity to meet and discuss with potential customers and business partners as well as to explore related business opportunities, and gain valuable information in order to accelerate your market entry to Germany and Türkiye.
Expenses of arranging the visit will be divided between the participating companies. Participation fee has been calculated based on 8 participating companies.
To cover the expenses of arranging the visit to Türkiye on 9-11 October 2023, Business Finland will charge a participation fee of
Business Finland will invoice the participation fee after the visit based on the actual costs. The invoiced fee will not exceed the amounts mentioned above. Kindly note that the participation fee does not include flights or accommodation of the participant nor meals outside the business delegation program.