9,167.58 TRY BIST 100 BIST 100
38.44 USD USD USD
5.32 CNY CNY CNY
43.57 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
46.51 TRY Interest Interest
59.57 USD Fossil Oil Fossil Oil
40.22 USD Silver Silver
4.71 USD Copper Copper
98.19 USD Iron Ore Iron Ore
325.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,045.33 TRY Gold (gr) Gold (gr)

EMSTEEL takes groundbreaking steps towards net zero emissions by 2050

EMSTEEL has announced a decarbonization strategy that supports their goal of Net Zero Emissions by 2050. The company aims to reduce emissions from steel production by 40% and cement production by 30% by 2030. They are aiming to increase sustainable production with renewable energy and innovative technologies.

EMSTEEL takes groundbreaking steps towards net zero emissions by 2050

EMSTEEL has announced a comprehensive decarbonization plan to support the UAE's Net Zero Emissions target by 2050. The company aims to reduce emissions by 40% in steel production and 30% in cement production by 2030, based on 2019. In line with this goal, energy efficiency will be increased, innovative process technologies will be used and alternative fuels and raw materials will be utilized. In addition, all electricity needs will be met from renewable energy sources by 2030.

EMSTEEL managed to reduce its carbon footprint by 23% between 2019 and 2023. This was achieved through energy efficiency projects, carbon capture technologies and renewable energy solutions. They also took an important step in sustainable steel production by implementing the first green hydrogen-based iron production project in the region.

For its decarbonization efforts, EMSTEEL was awarded Steel Sustainability Champion by the World Steel Association in 2024 and recognized by the World Economic Forum as one of the top five steelmakers in the industry. They also co-chaired the Industrial Decarbonization Alliance, spearheaded by the International Renewable Energy Agency (IRENA).

EMSTEEL as the UAE's largest steel and building materials manufacturer, provide high quality products to more than 70 markets worldwide. With 16 modern production plants and an annual production capacity of 3.5 million tons of steel and 4.6 million tons of cement, the company aims to contribute to the UAE's Operation 300 Billion strategy.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

China's Tiron to produce wind turbine parts in Edirne with Turkish partner

Monday, May 5, 2025

Cleveland-Cliffs to close three steel plants

Monday, May 5, 2025

Both domestic sales and exports contracted in Türkiye's white goods sector

Monday, May 5, 2025

Salzgitter invests in eco-friendly technology for hot rolling mill

Monday, May 5, 2025

SSAB expands Alabama plant with USD 74 million investment

Monday, May 5, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now