ArcelorMittal launches XCarb™, signalling its commitment to producing carbon neutral stee

fr en

‘XCarb™ recycled and renewably produced’ pioneering customer product with CO2 as low as 300kg/tonne.

<< Back
  • XCarb innovation fund

ArcelorMittal today announces the launch of its first three XCarb™ initiatives, as part of the company’s journey to deliver on its 2050 net zero commitment. 

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 focused on achieving demonstrable progress towards carbon neutral steel.  

These three XCarb™ branded initiatives are: 

  • Our ‘XCarb™ green steel certificates’, which will enable us to support our customers as they seek to reduce their Scope 3 emissions;
  • ‘XCarb™ recycled and renewably produced’ pioneering products for customers; 
  • Our ‘XCarb™ innovation fund’.  

Commenting, Aditya Mittal, CEO, ArcelorMittal, said: 

“Climate change is an overwhelming societal priority. At ArcelorMittal, we have an important role to play in helping society deliver the objectives of the Paris Agreement and are determined to lead our industry’s transition to carbon neutral steel. 

“We have the scale, resources and technological prowess to make a significant impact, and have already identified the routes to carbon neutral steelmaking through our Smart Carbon and Innovative DRI pathways. 

“Our launch of XCarb™ today brings the full breadth of our decarbonisation activity together under a single umbrella brand. It aims to demonstrate to stakeholders the diverse range of initiatives we are undertaking in pursuit of our 2050 net zero goal while also providing our customers with solutions which help them address their own carbon reduction targets, demonstrating the important role steel has to play in a future, circular economy.”  

The first XCarb™ initiatives to be launched are as follows:  

‘XCarb™ green steel certificates’ 

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. CO2 savings are aggregated, independently assured, and then converted into XCarb™ green steel certificates using a conversion factor that represents the average CO2 intensity of integrated steelmaking in Europe. The scheme therefore provides customers with the opportunity to buy certificates attached to their physical orders of steel, enabling them to report a reduction in their Scope 3 carbon emissions in accordance with the GHG Protocol Corporate Accounting and Reporting Standard. The company anticipates it will have 600,000 tonnes of equivalent green steel tonnes available by the end of 2022.  

‘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. 

‘XCarb™ innovation fund’ 

ArcelorMittal has launched an innovation fund which will invest up to $100 million 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. For further detail refer to the separate press release the company has issued today.  
 

Back to top  | << Back

Communiqués liés

Athome
06/05/2021

atHome Group devient actionnaire majoritaire de Taxx.lu

Le leader des services digitaux s’associe à la référence de la déclaration...

atHome Group
B-Medical-Systems
06/05/2021

B Medical Systems announces the opening of a new distributio...

B Medical Systems, a Luxembourg based global leader of vaccine cold chain soluti...

B Medical Systems
dury consult logo neu
06/05/2021 Personnalités

Le groupe Dury renforce sa direction : Martin Kerz est déso...

Le groupe DURY, dont le siège est à Sarrebruck, renforce son équipe de direct...

Dury Consult
BC Anders La Cour CL
05/05/2021

12 mois après le lancement de la licence bancaire, Banking ...

Une banque axée sur la technologie a traité 155 milliards d’euros de volume ...

Banking Circle
Annual Review 2014
05/05/2021

JEcolux2021: Making a difference for your business and your ...

Journée de l’Economie 2021 has ended for another year and the over 200 person...

PwC
pexels-johannes-rapprich-1482927
04/05/2021

Le « credit crunch environnemental » ou l’épuisement de...

Le nouveau rapport d’UBS intitulé « L’avenir de la planète » préconise ...

UBS

Il n'y a aucun résultat pour votre recherche

We use cookies to ensure the best experience on our website. By accepting you agree the use of cookies. OK Learn more