XCarb® towards carbon neutral steel
Towards carbon neutral steel: ArcelorMittal launches XCarb®
Moving closer to delivering on a 2050 net-zero commitment, ArcelorMittal has recently launched XCarb® - an umbrella under which we can gather all of our efforts as we move towards carbon neutral steel.
What is XCarb®?
XCarb® will ultimately bring together all of ArcelorMittal’s reduced, low, and zero-carbon products and steelmaking activities, as well as wider initiatives and green innovation projects, into a single effort focussed on achieving demonstrable progress towards carbon neutral steel. Click here to read more.
Accompanying the launch of XCarb® are the first three initiatives:
1. XCarb® green steel certificates
XCarb® green steel certificates will enable us to support our customers as they seek to reduce their Scope 3 emissions.
Across our ArcelorMittal Europe - Flat Products operations, we are investing in a broad range of initiatives to reduce carbon emissions from the blast furnace. These initiatives range from our flagship Smart Carbon projects, such as Torero (transforming biomass into bio-coal to replace the use of coal in the blast furnace) and Carbalyst® (capturing carbon-rich blast furnace waste gas and converting it into bio-ethanol, which can then be used to make low-carbon chemical products) to capturing hydrogen-rich waste gases from the steelmaking process and injecting them into the blast furnace to reduce coal use.
These effort-intensive investments result in considerable CO2 savings, which can be passed onto customers in the form of the steel industry’s first-ever certification scheme.
Click here to read more.
2. XCarb® recycled and renewably produced
XCarb® recycled and renewably produced has been designed for products made via the Electric Arc Furnace (EAF) route using scrap steel. Recycled and renewably produced means that the physical steel was made with recycled material (scrap) using renewable electricity, giving it an extremely low CO2 footprint that can be as low as approximately 300kg of CO2 per tonne of finished steel when the metallics are 100% scrap. This customer offer is for both flat and long products. The electricity used in the steelmaking process is independently verified, with a Guarantee of Origin given that it is from renewable sources.
Click here to read more.
3. XCarb® innovation fund
The XCarb® innovation fund will invest up to 100 million USD annually in groundbreaking companies developing pioneering or breakthrough technologies that will accelerate the steel industry’s transition to carbon neutral steelmaking. To be eligible for funding, companies will have to be developing technologies which support ArcelorMittal on its journey to decarbonise. The technology also needs to be commercially scalable.
Click here to read more.
Text:
Constructalia
ArcelorMittal
Images and video:
ArcelorMittal