Tag: sustainability

Most of the world’s steel is produced via blast furnaces which produce iron from iron ore and basic oxygen furnaces which turn that iron into steel. Researchers from the University of Birmingham have designed a novel adaptation for existing iron and steel furnaces that could reduce carbon dioxide (CO2) emissions from the steelmaking industry by nearly 90%.

JSW Steel has set ambitious sustainability targets including reducing its specific CO2 emissions by 42% by FY2030 from 2005.

BSH has already been sourcing initial quantities of green steel from Salzgitter Flachstahl GmbH since 2021 with a reduction in the carbon footprint of more than 66 per cent.

Sarralle has installed the first ladle preheating station capable of running entirely on green hydrogen, achieving zero CO2 emissions in this ladle.

As part of the agreement, Metal One is providing development funding to Clean Energy Systems, and the parties will co-locate resources to efficiently target the global steel market.

The SSP provide a framework for banks to assess the decarbonisation of their steel lending portfolio. ResponsibleSteel provides an international standard for steel sites to be certified against.

Simply put, sustainable finance refers to the process of taking environmental, social and governance (ESG) considerations into account when making investment decisions in the financial sector, leading to more long-term investments in sustainable economic activities and projects. According to the Head of ESG, FIC, Deutsche Bank, decarbonising the steel industry will cost more than 1.4 trillion dollars and that is why the emerging sustainable finance market has a key role to play in funding the transition.

Gonvarri’s Carbon Neutral Plan is incorporated into the company’s decision-making, business strategy, management and performance metrics.

Mobilaris and H2 Green Steel have signed a letter of intent to collaborate for the use of digital solutions during construction, and later operations, of H2 Green Steel’s large-scale steel plant in Boden in northern Sweden.

The green steel plant together with the integrated hydrogen facility will be among the largest industrial investments planned in Finland to date. Blastr aims to cut the CO₂ emissions of its end products by 95 per cent.