Schnitzer Steel Industries, Inc. announced the launch of GRN SteelTM, a line of net zero carbon products from its Cascade Steel manufacturing operations located in McMinnville, Oregon.
Cascade will source carbon offset projects to address Scope 1 emissions from the manufacturing of GRN SteelTM. Upon the sale of GRN SteelTM products, Cascade will retire credits on behalf of a customer in an amount commensurate with the carbon footprint of steel ordered. Scope 2 emissions from Cascade steel manufacturing are minimal because most electricity used to operate the facility is carbon-free hydropower. Cascade addresses Scope 2 emissions by purchasing and retiring Renewable Energy Credits each year that allow the facility to achieve net carbon-free electricity.
The launch of GRN SteelTM also represents an important step toward achieving Schnitzer’s sustainability goal of Net Zero Emissions by 2050.