United States Steel Corporation took another step in the execution of its strategy to become the “best of both” in the steel industry with the announcement of its plans to reduce greenhouse gas emissions intensity across its global footprint.
The company has set a goal to reduce its global greenhouse gas emissions intensity by 20 percent, as measured by the rate of carbon dioxide (CO2) equivalents emitted per ton of finished steel shipped, by 2030 based on 2018 baseline levels. This target will apply to U. S. Steel’s global operations.
“Committing to a global greenhouse gas intensity reduction target is central to U. S. Steel’s strategy to become a world-competitive ‘best of both’ integrated and mini mill steel company,” said U. S. Steel president and chief executive officer David B. Burritt. “These reductions will be equivalent to the amount of CO2 being generated by more than 850,000 average-sized homes each year. By creating targeted carbon reduction initiatives to accelerate our transformation toward a future of sustainable steel, we create value for all stakeholders.”
U. S. Steel’s greenhouse gas emissions intensity reduction goal will be achieved through execution of multiple initiatives. These include the development of electric arc furnace steelmaking at U. S. Steel’s Fairfield Works and at Big River Steel, the first LEED-certified steel mill in the nation, in which U. S. Steel recently acquired a minority interest with an option to acquire the remainder over the next four years. Electric arc furnace steelmaking relies on scrap recycling to produce new steel products, capitalizing on steel’s status as the most recycled material on earth. Further carbon intensity reductions are expected to come from the company’s introduction of state-of-the-art endless rolling and casting technology and construction of a cogeneration facility at its Mon Valley Works announced in May, as well as implementation of ongoing energy efficiency measures, continued use of renewable energy sources and other process improvements.
Published in the December 2019 Edition