Annual report 2023

Enabling the green transition

The role that technology companies like Andritz play in enabling the green transition is becoming increasingly pivotal in the transformational ­journey towards sustainability. The green transition – a movement that integrates environmental awareness with technological innovation – offers ­significant opportunities for businesses ready to ­innovate for a sustainable future.
 

ANDRITZ is at the forefront of this transformative era, ­leveraging its extensive expertise in advanced technologies to make a significant contribution to a greener future.

Our comprehensive portfolio encompasses a wide array of technologies and services specifically designed to support the green transition.

This not only demonstrates our commitment to sustainability, but also highlights our role as an industry leader in this field.

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We focus on developing economically feasible key technologies that are essential for the green transition. Recognizing the importance of comprehensive solutions, we offer services spanning the full project life cycle, from development to operation and maintenance. This holistic approach ensures that our solutions are not only viable at the outset but continue to deliver value throughout their life cycle.

The solutions we provide are diverse and innovative. They range from carbon capture technologies that mitigate the environmental impact of industrial processes to green hydrogen systems. We also have a strong focus on the development of renewable fuels to support the shift away from fossil fuels. Additionally, we offer renewable energy solutions with biomass boilers and gasifiers, utilizing innovative combustion technologies to convert biomass into energy. Moreover, we ensure stable grids thanks to pumped storage plants that act as large long-term “batteries”, providing backup for volatile solar and wind power.

The green transition offers ­significant opportunities for ­businesses ready to ­innovate for a sustainable future.

Beyond energy, our initiatives extend to areas like battery plants for e-mobility, which will be pivotal in the transition to electric vehicles, and textile recycling, a critical component in reducing the fashion industry’s environmental footprint. For our pulp and paper customers, our CircleToZero initiative aims to eliminate unused industry side streams, transforming them into new, value-added products and achieving zero waste and zero emissions from the production process.

ANDRITZ’s role in the green transition is ­characterized by a passion for innovation, a commitment to sustainability, and a vision that sees to the long-term ­benefits for our planet and society. We are confident that the green transition will provide a significant boost to our business, and we are excited to be a key part of this global movement, contributing to a world where technology and sustainability go hand in hand.