ArcelorMittal says it expects to be able to supply the very first 30,000 tonnes of carbon neutral steel products to customers this year. The output of carbon neutral volumes will then increase to reach 600,000t in 2022.
The company is progressing in its target to become carbon neutral by 2050, cutting European-based emissions by -30% by 2030. To achieve this goal, it is continuing to invest in a number of projects, including the use of hydrogen in blast furnaces, as well as DRI-EAF facilities. In addition, further smart carbon activities are being implemented.
As a concrete result of the investments implemented by the company, ArcelorMittal was able to confirm that the first green steel volumes will be available this year. The calculation is made using a system that quantifies the CO2 emissions savings made thanks to the decarbonisation projects, verifying emissions compared with a 2018 baseline.
“We are pleased to be able to offer our first green tonnes this year and look forward to being able to provide customers with larger volumes of this steel as our decarbonisation projects are ramped up and rolled out across Europe,” ArcelorMittal Europe chief executive Aditya Mittal says in a note seen by Kallanish.
“We are also in the process of applying for funding for various projects from the ETS Innovation Fund which we hope will be successful, giving us the vital access to finance that we need for these important projects,” he adds.
