U.S. Steel Targets Net-Zero Emissions By 2050

U.S. Steel plans to do so by using EAFs, DRI (direct-reduced iron), and renewable energy as well as carbon capture and suquestration technology. It will also look to public-private collaboration across industries to develop reliable sources of carbon-neutral power. The access to high capacity carbon-neutral electricity will be a major component to this goal. Although low-carbon power is growing in accessibility, carbon-neutral electricity is not readily available as large-scale renewable generation and zero greenhouse gas emission technologies are still being developed.

“We are dedicated to producing the steels that are essential to our daily lives and innovating to solve the challenges our customers face,” Burritt continued. “Climate change is the challenge of this generation and doing our part is a core component of our ‘Best for All’ strategy for profitable growth. We believe that we have a path forward that allows us to profitably produce sustainable steels well into the future, and we know that when businesses, governments and people work together to improve our shared destiny, transformative innovations can follow.”

U.S. Steel’s commitment to achieve significant carbon emission reductions is demonstrated by its acquisition of EAF steelmaker Big River Steel; introduction of a new sustainable steel product line, verdeX, an advanced high-strength steel that uses one-quarter of the carbon intensity currently required for comparable products; and most recently becoming the first North American-based steel company to join ResponsibleSteel, a not-for-profit organization dedicated to promoting responsible practices in steelmaking, the company said.

By David Schollaert, David@SteelMarketUpdate.com