Japanese steel giant Nippon Steel Corp plans to supply carbon neutral steel from the fiscal year starting 2024. Nippon Steel President Mr Eiji Hashimoto told media "There is only one way to overcome the unique difficulties that Japan's steel industry faces. That is to supply carbon neutral steel ahead of our global competitors. Company will initially supply 700,000 tonnes of steel that would not emit CO2 in the manufacturing process, either by shifting to alternative energy sources or by capturing any CO2 that is emitted. If we make steel with energy that is carbon neutral, then the steel itself is carbon neutral too.”Nippon Steel, in FY 2021 earning update, has revealed Carbon Neutral Vision 2050. It said “Our Carbon Neutral Vision 2050, a part of Mid- to Long-Term Management Plan published in March 2021, is aligned with the ambitious national policy to aim for 2050 carbon neutrality. Two core values that our Carbon Neutral Vision provides are provision of high-value-added products and energy-saving solutions that contribute to the reduction of C02 emissions from whole. We will provide high-value-added products and energy-saving solutions and develop decarbonized steel making process ahead of the other countries to provide Carbon Neutral Steel, thus enhancing the global competitiveness of approximately 6,000 domestic customers.”Nippon Steel added “With support from Green Innovation Fund, Nippon Steel has developed a more specific plan for R&D and practical implementation of breakthrough technologies; small sized pilot EAF with test starting from FY2024 and small sized pilot direct reduction furnace with test starting from FY2025 at Hasaki R&D center, targeting practical implementation as soon as possible”
Japanese steel giant Nippon Steel Corp plans to supply carbon neutral steel from the fiscal year starting 2024. Nippon Steel President Mr Eiji Hashimoto told media "There is only one way to overcome the unique difficulties that Japan's steel industry faces. That is to supply carbon neutral steel ahead of our global competitors. Company will initially supply 700,000 tonnes of steel that would not emit CO2 in the manufacturing process, either by shifting to alternative energy sources or by capturing any CO2 that is emitted. If we make steel with energy that is carbon neutral, then the steel itself is carbon neutral too.”Nippon Steel, in FY 2021 earning update, has revealed Carbon Neutral Vision 2050. It said “Our Carbon Neutral Vision 2050, a part of Mid- to Long-Term Management Plan published in March 2021, is aligned with the ambitious national policy to aim for 2050 carbon neutrality. Two core values that our Carbon Neutral Vision provides are provision of high-value-added products and energy-saving solutions that contribute to the reduction of C02 emissions from whole. We will provide high-value-added products and energy-saving solutions and develop decarbonized steel making process ahead of the other countries to provide Carbon Neutral Steel, thus enhancing the global competitiveness of approximately 6,000 domestic customers.”Nippon Steel added “With support from Green Innovation Fund, Nippon Steel has developed a more specific plan for R&D and practical implementation of breakthrough technologies; small sized pilot EAF with test starting from FY2024 and small sized pilot direct reduction furnace with test starting from FY2025 at Hasaki R&D center, targeting practical implementation as soon as possible”
