10,802.23 TRY BIST 100 BIST 100
40.09 EUR EUR EUR
38.05 USD USD USD
5.29 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
37.16 TRY Interest Interest
70.17 USD Fossil Oil Fossil Oil
33.97 USD Silver Silver
5.02 USD Copper Copper
102.58 USD Iron Ore Iron Ore
356.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,603.06 TRY Gold (gr) Gold (gr)

SINAI Technologies, ArcelorMittal and RMI collaborate to decarbonise steel

SINAI Technologies is teaming up with steel giant ArcelorMittal Brasil and clean energy transformation organisation RMI in a groundbreaking joint venture to help decarbonise the steel industry.

SINAI Technologies, ArcelorMittal and RMI collaborate to decarbonise steel

SINAI, a decarbonisation and carbon management software platform, aims to contribute to more sustainable steel production using its expertise in this field.

The steel industry is known to account for approximately 7% of the world's total greenhouse gas (GHG) emissions, making decarbonisation critical for climate change mitigation.

However, due to the lack of standardised emissions information, implementing meaningful climate commitments in the sector has proven difficult.

For this reason, clean energy transformation organisation RMI, as part of its Horizon Zero project, has published the Steel Emissions Reporting Guide to help steel stakeholders calculate their total supply chain emissions, also known as Scope 3 emissions.

ArcelorMittal Brasil is keen to adopt greener production processes, which is why the company has joined the agreement in full swing by uploading its steel plant operational data to the SINAI platform.

This data will enable SINAI to create a process-level greenhouse gas (GHG) inventory of the company's emission sources and the amount of emissions they produce.

Together, SINAI, RMI and ArcelorMittal Brasil will be able to pilot test how better reporting guidance and software solutions can provide the transparency needed for sustainable purchasing decisions.

This collaboration will be a crucial step towards decarbonising a sector that is notoriously difficult to decarbonise, potentially creating differentiated commodity markets to drive the process forward.

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

Brazil Decides Not to Apply Temporary Anti-Dumping Duty on Cold-Rolled Flat Steel Products from China

Wednesday, March 19, 2025

The Al-Habashi Iron Factory in Yemen was destroyed in a U.S. airstrike

Wednesday, March 19, 2025

Uzbekistan hit hardest by restrictions on Kyrgyzstan's scrap exports

Wednesday, March 19, 2025

Taiwan extends anti-dumping duties on stainless steel imports for another 5 years

Wednesday, March 19, 2025

Türkiye's local scrap purchase prices rise

Wednesday, March 19, 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