ArcelorMittal published its second group climate action report, following the first group report published in May 2019. In the new report, ArcelorMittal has announced a 2030 global carbon emissions intensity reduction target of 25%, with a large focus on Greener furnaces.
The new climate action report provides a roadmap that illustrates the Company’s current thinking on the journey to net zero steelmaking. Five key levers are identified as the stepping-stones to achieve net zero by 2050, including an energy transformation. The energy used to make steel in future years will undergo a further and more radical transition, from high-emitting fossil fuel-based energy to low and zero-carbon emissions forms of energy. This includes green hydrogen, circular forms of carbon and Carbon capture, utilisation and storage (CCUS) technologies- e.g. the use of the Electric Arc Furnace (EAF).
The company announced their Direct Reduced Iron (DRI) EAF projects which includes: the reduction of emissions in Spain by 50% with a 2.3million tonne hydrogen-powered DRI unit and new hybrid EAF at Gijon, plans to build a large-scale industrial plant for DRI and EAF-based steelmaking in Bremen, as well as an innovative DRI plant and EAF in Eisenhuttenstadt and more. The company also aims to increase the use of scrap in the EAF and blast furnace-basic oxygen furnace (BF-BOF) for steelmaking.
Commenting, Aditya Mittal, CEO ArcelorMittal said:
Commenting, Aditya Mittal, CEO ArcelorMittal said: “As the world’s most prolific material, steel can make a huge contribution to the decarbonization of the global economy. Steel is already the material of choice due to its lower carbon footprint and high recyclability. But we can and must go further as zero carbon-emissions steel has the potential to be the backbone of the buildings, infrastructure, industry and machinery, and transport systems that will enable governments, customers and investors to meet their net-zero commitments."Aditya Mittal, CEO ArcelorMittal
ArcelorMittal has planned multiple projects concerning improvements to their sustainability. To see the full report, visit: