US Steel to Achieve Carbon Neutrality by 2050
United States Steel Corporation has expanded its transformational commitment to sustainability by setting an ambitious goal targeting net-zero
United States Steel Corporation has expanded its transformational commitment to sustainability by setting an ambitious goal targeting net-zero carbon emissions by 2050. To achieve its net-zero goal for 2050, US Steel expects to leverage its growing fleet of electric arc furnaces coupled with other technologies such as direct reduced iron, carbon-free energy sources, and carbon capture, sequestration, and utilization. Achievement of the goal also depends on public-private collaboration across industries and global stakeholders to develop supportive innovative breakthroughs, including access to commercially available carbon-neutral electricity sources.
The net-zero ambition builds on US Steel’s existing goal to reduce greenhouse gas emissions intensity by 20% across the company’s global footprint by 2030. It follows the company’s acquisition of technologically advanced Big River Steel, the only LEED certified steel mill in the United States. Last month, at Ceres 2021, the company introduced a new sustainable steel product line, verdeX. This month, US Steel became the first steel company based in North America to join ResponsibleSteel. In addition, US Steel Senior Vice President Mr Richard L Fruehauf has been named Chief Strategy and Sustainability Officer. This linkage of the company’s strategy and sustainability priorities is designed to further integrate Scope 1 and 2 transitions with the company’s strategy. It also strengthens support for customer and supplier implementation of their own net-zero targets, to ensure process inputs and steel use conform to net-zero. Having already produced more than 14 grades of some of the most advanced high strength steels at its Big River Steel subsidiary, the company is confident in its ability to use EAFs and other advanced technologies to achieve significant carbon emission reductions.
With US Steel’s sustainable steel product line, verdeX, customers will be able to secure advanced high strength steels produced with only one-quarter of the carbon intensity currently required for comparable products. More information on verdeX can be found at www.ussteel.com. We’re open and ready to do business with our customers and the verdeX line today. Call or come to our website to see how you can integrate verdeX into your sustainability plans.