Revolutionizing Steel: PWO's 'GreenSteel' Partnership

PWO Group
PWO GroupImage Source: PWO Group

Synopsis:

PWO Group propels sustainability by signing a pact with Salzgitter Mannesmann Stahlservice GmbH to procure 'GreenSteel' from 2026. This collaboration aligns with Salzgitter's 'SALCOS®' initiative, aiming for nearly carbon-free production by 2033, heralding a monumental step toward reducing greenhouse gas emissions.

Article:

The PWO Group continues its sustainability pursuit by inking a pivotal deal with Salzgitter Mannesmann Stahlservice GmbH to acquire 'GreenSteel' from 2026, a move amplifying eco-friendly alternatives to conventional steel.

The 'SALCOS® – Salzgitter Low CO2 Steelmaking' initiative by the Salzgitter Group aims to transition steel production to hydrogen-based methods, targeting nearly carbon-neutral production by 2033. This transformation involves replacing traditional blast furnace routes with direct reduction and electric arc furnaces.

Jochen Lischer, CFO, heralds this agreement as a pivotal stride in their value chain's decarbonization, highlighting a commitment to reducing absolute greenhouse gas emissions in Scope 3 by 28.0% from the 2019 baseline. 'GreenSteel' procurement, with up to 95% lower CO2 emissions in production, contributes significantly to this goal.

Michael van der Vlist, Managing Director of Salzgitter Mannesmann Stahlservice GmbH, expresses enthusiasm in expanding collaboration with PWO Group. He emphasizes the imperative role of robust partnerships to drive the growth of markets for CO2-reduced steel products in achieving a climate-neutral economy.

Conclusion:

PWO's alliance for 'GreenSteel' with Salzgitter marks a substantial leap toward sustainable steel production. Aligning with Salzgitter's 'SALCOS®,' the shift towards low-carbon steelmaking resonates with global efforts for a climate-friendly industrial revolution.

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