Towards carbon neutral steel
We believe that steel has a critical role to play in helping society decarbonise and will very much be a solution to the problem.
As the world’s leading steel company, we have a significant responsibility to innovate, implement and navigate a successful pathway towards a cleaner steelmaking industry. Our journey towards becoming carbon neutral by 2050, having aligned with the Paris climate goals and the European Green Deal by committing to reduce European CO2 emissions by 35% by 2030 and be carbon neutral by 2050, is well underway.
XCarb™ is designed to bring together all of ArcelorMittal’s reduced, low and zero-carbon products and steelmaking activities, as well as wider initiatives and green innovation projects, into a single effort focused on achieving demonstrable progress towards carbon neutral steel.
The initiatives that are part of XCarb™ aim to reduce the carbon footprint of ArcelorMittal and of our customers.
XCarb™ green steel certificates represent real savings in our CO2 emissions through targeted investment that can be attached to steel shipments, enabling customers to report a reduction in their Scope 3 carbon emissions in accordance with the GHG Protocol Corporate Accounting and Reporting Standard.
XCarb™ recycled and renewably produced describes steel made via the EAF route that plugs into renewable electricity, either directly or through verified certificates, with a carbon footprint that can be as low as approximately 300kg of CO2 per tonne of finished steel when the metallics are 100% scrap.
XCarb™ innovation fund will invest in companies developing breakthrough technologies that will accelerate the transition to net-zero steelmaking.
We are committing $100 million a year towards this fund.
Purchasing our XCarb™ certified steel allows our customers to reduce the global CO2 footprint of their projects, products, and finished goods.
Our customers can purchase XCarb™ recycled and renewably produced steel and XCarb™ certified green steel today.
Foundation Solutions is already able to supply the following XCarb™ products:
