MANAGING CARBON EMISSIONS
Steel is critical to a low-carbon economy, but steel manufacturing currently produces seven percent of global carbon emissions, and facilities cannot reduce carbon emissions by improving energy efficiency alone. Global demand for steel projected to rise 30 percent by 2050. Steel’s heavy reliance on coal as a prime energy source makes steel manufacturing one of the largest sources of industrial CO2 emissions.
To decarbonize steel and meet net-zero targets, nine to twelve percent of steel emissions need to be reduced through carbon capture and storage technology. Carbon capture has the potential to play an integral role in the steel industry’s energy transition process and provide the technology capable of delivering deep cuts in emissions from steel plants.
Contact us to learn more about how CGC is uniquely positioned to help decarbonize the steel industry.
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