Nucor Corporation has announced initiatives to combat the emissions of greenhouse gas (GHG) with strategies that will lower its GHG emissions intensity of steel mills to 77% less than today's global average.
By producing 100 per cent of its steel in recycled scrap-based Electric arc Furnaces (EAFs), Nucor already produces steel with less than half the GHG emissions per ton when measured against the Paris Climate Agreement's most aggressive 2030 GHG intensity targets.
Nucor’s success in their past initiatives supports the trajectory in their commitment to lowering their carbon footprint, the company has committed to an additional 35% combined reduction in the Scope 1 and Scope 2 GHG emissions intensity of its steel mills by 2030. Their progress will be compared against a 2015 baseline, coinciding with the year of the Paris Climate Agreement. At present, Nucor's GHG emissions are 0.47 tons of CO2 per ton of steel, by 2030 Nucor aim to reach 0.38 tons of CO2 per ton of steel.
Nucor has said they will continue to report and reduce its Scope 3 GHG emissions associated with raw materials. Beyond 2030, Nucor has committed to further reducing its GHG emissions to a goal of net zero emission steel at scale.
Leon Topalian, President & Chief Executive Officer of Nucor, said,
"The green economy is being built on steel. As an electric arc furnace (EAF) steelmaker and North America's largest recycler, Nucor is already a world leader in sustainable steel. Our GHG intensity is less than one-third the world average, but we are committed to going further,"Leon Topalian, President & Chief Executive Officer of Nucor
The company has committed to the development of new renewable energy sources which further assists in the acceleration of the transition from the domestic power grid to a more sustainable, lower carbon future.
In addition, Nucor has invested in the production of 3rd Generation Advanced High-Strength Steel (AHSS) products that will allow vehicles to meet stricter mileage standards and reduce their life cycle emissions. Until the recent replacement to an EAF, AHSS products were previously made by higher emissions blast furnaces.
Mr Topalian continued,
"For more than 50 years, Nucor has been built on a sustainable model of recycling steel to produce new steel and steel products, and we continue to push recycled steel into products where it was never considered viable,"Leon Topalian, President & Chief Executive Officer of Nucor
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