ArcelorMittal Sets 2030 Emissions Goal for European Division
By Dieter Holger
ArcelorMittal (MT.FR), the world's largest steelmaker, said
Friday that it has set a target to cut 30% of carbon-dioxide
emissions at its European division manufacturing flat products by
Flat products include slabs, hot- and cold-rolled coil, coated
steel products, tinplate and heavy plate. They are typically found
in heavy machinery, construction and the automotive sector.
ArcelorMittal said it would achieve its goal by using clean
power, so-called circular carbon energy sources such as waste
biomass, and carbon capture-and-storage.
"It's not a one-size-fits-all model, as different parts of our
business are at varying starting points," said Geert Van
Poelvoorde, chief executive of ArcelorMittal Europe - Flat
Products, said in prepared remarks.
ArcelorMittal's ambitions come as the steel industry faces
pressure from European lawmakers to lower its environmental impact.
The steel industry is one of the top CO2 emitters globally,
accounting for up to 9% of all direct fossil fuel emissions,
according to the World Steel Association, a trade group based in
"We've spent the last few years testing a range of technologies
and now is the time to scale up and put them into action," Mr. Van
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(END) Dow Jones Newswires
December 13, 2019 05:15 ET (10:15 GMT)
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