The agreement will also see CPW purchase ArcelorMittal’s XCarb® green steel certificates, which enable steel consumers to report savings in their Scope 3 emissions from verified CO2 emissions reductions achieved during the steelmaking process.
ArcelorMittal Europe’s steel will be used by CPW to manufacture and supply 39km of 16.1-inch High Frequency Welded (HFW) steel pipes for subsea Pipe-In-Pipe application. The CO2 reductions for the XCarb® green steel certificates result from capturing hydrogen-rich waste gases during the steelmaking process and re-injecting them into the blast furnace, hence partially replacing the use of fossil fuel. These CO2 reductions are independently verified by Det Norske Veritas (DNV), a leading independent assurance provider, and attributed to the hot-rolled coils purchased by CPW. The use of XCarb® green steel certificates for this project will reduce the CO2 impact of the hot-rolled coils by up to 95%1.
Speaking about the partnership between ArcelorMittal and CPW, Laurent Plasman, CMO Industry at ArcelorMittal Europe – Flat Products, said: “Collaborations to decarbonise the supply chain are a vital part of the energy transition. Our XCarb® certificates represent significant CO2 reductions in steel production processes, and we are immensely proud to work with our long-term partner CPW to reduce the CO2 impact of the steel being used in this project.”
Ilias Bekiros, General Manager of Corinth Pipeworks, commented: “Collaborations that assist our efforts to reduce carbon emissions are critical on the route to a sustainable future for all. Steel has a significant contribution to the environmental footprint of our products, and collaborating with established companies sharing the same values is key to advancing our progress in sustainable solutions.”
