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Resource Intensity vs. Investment in Production Installations—The Case of the Steel Industry in Poland

Author

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  • Bożena Gajdzik

    (Department of Industrial Informatics, Faculty of Materials Engineering, Silesian University of Technology, 40-019 Katowice, Poland)

  • Włodzimierz Sroka

    (Department of Management, Faculty of Applied Sciences, WSB University, 41-300 Dąbrowa Górnicza, Poland)

Abstract

Resource intensity is a measure of the resources needed for the production, processing and disposal of good or services. Its level decides on the costs the companies have to bear both for production and for environmental protection, which in turn have a crucial importance for their competitiveness. Given these facts, our study analyses the issues of resource intensity in the Polish steel industry in correlation to investments made, and more specifically, to the impact of investments on the consumption of energy media used during steel production. Its key element is the development of econometric models presenting the impact of investments on resource consumption in steel production in Poland. Electricity and coke consumption were analysed according to manufacturing installation. The research was carried out on the basis of statistical data for the period of 2004–2018. The obtained findings confirmed the impact of the increase in investment on the decrease in the resource intensity in steel production in Poland. These facts have implications for both policy makers, as they confirm the thesis on a direct correlation between investments in technology and a reduction in resource intensity (environmental protection), as well as company managers. In the case of the latter, the data show the actions which companies should focus on in their activities.

Suggested Citation

  • Bożena Gajdzik & Włodzimierz Sroka, 2021. "Resource Intensity vs. Investment in Production Installations—The Case of the Steel Industry in Poland," Energies, MDPI, vol. 14(2), pages 1-16, January.
    • Handle: RePEc:gam:jeners:v:14:y:2021:i:2:p:443-:d:481013
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    1. Bożena Gajdzik & Radosław Wolniak & Wieslaw Wes Grebski, 2023. "Electricity and Heat Demand in Steel Industry Technological Processes in Industry 4.0 Conditions," Energies, MDPI, vol. 16(2), pages 1-29, January.
    2. Bożena Gajdzik & Magdalena Jaciow & Radosław Wolniak & Robert Wolny & Wieslaw Wes Grebski, 2023. "Assessment of Energy and Heat Consumption Trends and Forecasting in the Small Consumer Sector in Poland Based on Historical Data," Resources, MDPI, vol. 12(9), pages 1-33, September.
    3. Nestor Shpak & Solomiya Ohinok & Ihor Kulyniak & W³odzimierz Sroka & Armenia Androniceanu, 2022. "Macroeconomic Indicators and CO2 Emissions in the EU Region," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 24(61), pages 817-817, August.
    4. Bożena Gajdzik & Magdalena Jaciow & Radosław Wolniak & Robert Wolny & Wieslaw Wes Grebski, 2023. "Energy Behaviors of Prosumers in Example of Polish Households," Energies, MDPI, vol. 16(7), pages 1-26, March.
    5. Bożena Gajdzik & Radosław Wolniak & Wies Grebski, 2023. "Process of Transformation to Net Zero Steelmaking: Decarbonisation Scenarios Based on the Analysis of the Polish Steel Industry," Energies, MDPI, vol. 16(8), pages 1-36, April.
    6. Katarzyna Tobór-Osadnik & Bożena Gajdzik & Grzegorz Strzelec, 2023. "Configurational Path of Decarbonisation Based on Coal Mine Methane (CMM): An Econometric Model for the Polish Mining Industry," Sustainability, MDPI, vol. 15(13), pages 1-16, June.
    7. Bożena Gajdzik & Radosław Wolniak, 2021. "Digitalisation and Innovation in the Steel Industry in Poland—Selected Tools of ICT in an Analysis of Statistical Data and a Case Study," Energies, MDPI, vol. 14(11), pages 1-25, May.
    8. Bożena Gajdzik & Włodzimierz Sroka & Jolita Vveinhardt, 2021. "Energy Intensity of Steel Manufactured Utilising EAF Technology as a Function of Investments Made: The Case of the Steel Industry in Poland," Energies, MDPI, vol. 14(16), pages 1-17, August.
    9. Bozena Gajdzik, 2022. "How Steel Mills Transform into Smart Mills: Digital Changes and Development Determinants in the Polish Steel Industry," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 27-42.
    10. Nestor Shpak & Solomiya Ohinok & Ihor Kulyniak & Włodzimierz Sroka & Yuriy Fedun & Romualdas Ginevičius & Joanna Cygler, 2022. "CO 2 Emissions and Macroeconomic Indicators: Analysis of the Most Polluted Regions in the World," Energies, MDPI, vol. 15(8), pages 1-22, April.
    11. Ane-Mari Androniceanu & Raluca Dana Căplescu & Manuela Tvaronavičienė & Cosmin Dobrin, 2021. "The Interdependencies between Economic Growth, Energy Consumption and Pollution in Europe," Energies, MDPI, vol. 14(9), pages 1-23, April.
    12. Bozena Gajdzik, 2022. "A Decade of Research on Industry 4.0: A Bibliometric Study of Key Research Areas with Life Cycle Analysis of Publication Dynamics," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 118-134.
    13. Anzhelika Pirmamedovna Karaeva & Elena Romenovna Magaril & Andrey Vladimirovich Kiselev & Lucian-Ionel Cioca, 2022. "Screening of Factors for Assessing the Environmental and Economic Efficiency of Investment Projects in the Energy Sector," IJERPH, MDPI, vol. 19(18), pages 1-21, September.
    14. Bożena Gajdzik & Radosław Wolniak, 2021. "Transitioning of Steel Producers to the Steelworks 4.0—Literature Review with Case Studies," Energies, MDPI, vol. 14(14), pages 1-22, July.

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