EMSTEEL Unveils Ambitious Decarbonisation Strategy for Net-Zero Emissions by 2050
Key Ideas
- EMSTEEL aims to reduce absolute GHG emissions by 40% in its steel unit and 30% in its cement unit by 2030.
- The company plans to enhance energy efficiency, use alternative fuels, and achieve 100% renewable energy by 2030.
- EMSTEEL has already reduced scope 1 and 2 emissions by 23% from 2019 levels and is actively working towards further reductions.
- A pilot green hydrogen project in collaboration with Masdar aims to extract iron from iron ore using green hydrogen.
EMSTEEL, previously known as Emirates Steel Arkan, has announced an ambitious decarbonisation strategy to achieve net-zero emissions by 2050. The company's plan includes a significant reduction of greenhouse gas emissions by 40% in its steel business unit and 30% in its cement business unit by 2030, with a focus on energy efficiency improvements and utilization of alternative fuels and raw materials. By 2030, EMSTEEL aims to cover 100% of its electricity demand with clean and renewable energy sources. The company has already shown progress by lowering its total scope 1 and 2 emissions by 23% from 2019 levels. Moreover, EMSTEEL, in partnership with Masdar, has initiated a pilot green hydrogen project to explore the use of green hydrogen for extracting iron from iron ore, contributing to cleaner production processes in the steel industry. This commitment aligns with the UAE's target of reducing industrial emissions by 27% by 2035. The proactive steps taken by EMSTEEL demonstrate a positive outlook towards decarbonisation and sustainability in the steel and cement sectors.
Topics
Projects
Renewable Energy
Energy Efficiency
Decarbonisation
Steel Industry
Emissions Reduction
Cement Industry
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