JAPAN'S THIRD-BIGGEST STEELMAKER AIMS TO BOOST LOW CARBON-STEEL SALES IN 2030

23 May, 2022 by
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Kobe Steel Ltd, Japan's third-largest steelmaker, plans to sell one million tons of low-carbon steel per year by 2030, in line with a global push toward decarbonization, according to its president.

Cutting carbon emissions from steelmaking, which account for about 7-9 percent of global CO2 emissions, is a key effort to combat climate change, and the move comes as Kobe Steel aims to reduce CO2 emissions from its manufacturing process by 30-40 percent by 2030, compared to 2013 levels..

"By 2030, we want to increase our annual production and sales of low-carbon steel to one million tons," Mitsugu Yamaguchi, president of Kobe Steel, told reporters and analysts.

Last year, Kobe Steel announced that it had successfully demonstrated a new technology that reduced CO2 emissions from blast furnace operations by a fifth when compared to the traditional method. The new method combines the company's blast furnace operation technology with Midrex Technologies' direct reduction iron (DRI) technology.

Using a large amount of DRI in the form of briquettes in a blast furnace could reduce the amount of carbon fuel required, such as coke, resulting in lower CO2 emissions.

The materials and information on this article have been prepared or assembled by Viet Nam Steel and are intended for informational purposes only.

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