SteelAsia Manufacturing Corp. aims to cut carbon emissions by 2.3 million kilograms annually through a solar project at its Bulacan facility. The company, with a commitment to green manufacturing, recently partnered with TotalEnergies for a 1.9-megawatt solar rooftop project. Utilizing geothermal power for 80% of its energy needs, SteelAsia employs eco-friendly technologies and automated furnaces to reduce emissions. Additionally, the construction of the country's first section mill in Batangas aligns with SteelAsia's mission to boost the local steel industry, replacing imports and creating job opportunities.
In a significant move towards sustainability, SteelAsia Manufacturing Corp. is embarking on a green initiative to reduce carbon emissions at its Bulacan facility. The company anticipates an annual reduction of 2.3 million kilograms of carbon dioxide through the implementation of a solar project.
SteelAsia, a prominent player in the steel industry with six plants across the Philippines, is actively committed to environmental responsibility. The latest development involves a partnership with global multi-energy company TotalEnergies, resulting in a 1.9-megawatt solar rooftop project at the Meycauayan facility.
Highlighting their dedication to eco-friendly practices, SteelAsia reveals that approximately 80% of its energy requirements are sourced from geothermal power. This commitment extends to the use of green manufacturing technologies at its plants in Davao and Cebu.
Simultaneously, the company has invested in automated furnaces designed to minimize emissions and ensure optimal burning. This strategic move not only contributes to environmental conservation but also leads to significant fuel savings, with a reported reduction of up to 30% compared to traditional furnaces.
As part of its ongoing efforts, SteelAsia is actively constructing the country's first section mill in Lemery, Batangas. This facility is set to produce H-beams and large angle bars crucial for infrastructure and cell towers. Currently, these steel products are imported into the Philippines, mirroring the broader trend in the construction and infrastructure sectors.
SteelAsia's ambitious mission aims to establish a robust steel industry within the country, replacing imports and fostering economic growth. In 2022, the Board of Investments endorsed SteelAsia's P19.3-billion section mill project, recognizing its potential to contribute to import substitution. The project, scheduled to commence operations in July, is projected to employ 600 Filipino personnel and workers.
The Philippines, ranked 20th among the top global steel importers, imported approximately $5.25 billion worth of steel in 2022, according to the Board of Investments. SteelAsia's initiatives align with a broader strategy to enhance domestic production, generate employment, and create business opportunities throughout the country.
SteelAsia's commitment to sustainability, as evidenced by its solar project and green manufacturing practices, positions the company as a leader in environmentally responsible steel production. The initiatives not only contribute to reducing carbon emissions but also align with a broader mission to strengthen the local steel industry, promote job creation, and minimize reliance on steel imports. As the company progresses with its innovative projects, it sets a noteworthy example for the industry's shift towards greener and more sustainable practices.