ArcelorMittal Europe announced its decision to invest in breakthrough technologies to help the company achieve significant reduction in carbon emissions. The integrated steelmaker aims to reduce carbon dioxide emissions by 30% by 2030 and attain carbon-neutrality by 2050.
In the first climate action report published yesterday, the company outlines investment in two carbon-neutral routes for steelmaking-smart carbon and DRI-based. The smart carbon route leverages all clean energies within the iron-making process, with primary focus on use of circular carbon. The route via DRI involves replacement of natural gas with hydrogen in the company’s iron-making procedure.
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