ArcelorMittal Europe sets out path to net zero by 2050
Building on the company’s work that has demonstrated that the steelmaking process can become carbon neutral, the report publishes details of the ground-breaking work underway to reduce emissions by 30% by 2030 before reaching net zero in 2050.
The company is pioneering two breakthrough carbon-neutral routes for steelmaking: Smart Carbon, and an innovative DRI-based route. Smart Carbon is a carbon-neutral steelmaking route that leverages all clean energies – circular carbon, clean electricity and carbon capture and storage (CCS) - within the high temperature-controlled reduction environment of ironmaking. In its first phase, Smart Carbon will primarily use circular carbon. Reaching carbon-neutral steelmaking via DRI involves moving from using predominantly natural gas, to hydrogen as the key reductant in ironmaking. As this hydrogen becomes ‘green’, the steelmaking process comes close to carbon neutrality.
While both the Smart Carbon route and the DRI-based route have the potential to deliver carbon -neutral steel by 2050, the important difference between the two routes is that Smart Carbon can deliver results sooner, through its use of complementary technologies which enable incremental progress. Uniquely, Smart Carbon has the potential not only to provide carbon-neutral steel, but also carbon-neutral cement, and the building blocks to make recycled carbon materials to replace polyethylene-based plastics. Smart Carbon can also contribute to CO2 removal, through the increased use of circular carbon, using sustainable biomass and waste, combined with scaling up CCS.
ArcelorMittal Europe’s 2030 target combines Smart Carbon technologies and increased scrap usage, specifically by developing new ways to increase the use of low-quality scrap metal – which is hard to recycle - in the primary steel production process.
Commenting on the report, Aditya Mittal, President and CFO, ArcelorMittal, and CEO ArcelorMittal Europe, said: “Climate change is one of the greatest challenges facing us all. Understandably, much attention is currently focussed on navigating the unexpected and unprecedented outbreak of Covid-19. However, climate change remains a huge long-term challenge that will require diligent attention and progress for decades to come. And like Covid-19, it is not something that one country or one company can solve alone. Carbon emissions also know no border, so it will take a global effort, with all nations and companies playing their part. ArcelorMittal Europe is doing a lot of work to develop a path to net zero. The technologies we are working on have the potential to make a big impact. Indeed, steel should and can play a leading role in achieving the vision for Europe as outlined in the Green Deal. Our research and development team are one of the best in the industry and relish solving complex problems. But it needs a team effort. The support the EU and member states can give to ensure we have well-designed policy to make large-scale, competitive, carbon-neutral steelmaking a reality, is critical.”back to overview