Nippon Steel Pledges To Be Carbon Neutral By 2050
<span style="font-weight: 400;">Nippon Steel has set a goal to reach net-zero emission by 2050, Nikkei learned on Thursday, a move that could nudge other manufacturers to try to meet Prime Minister Yoshihide Suga's pledge to achieve carbon neutrality across the country by the same year.</span> <s
Published -
Dec 11, 2020 5:24 AM
Nippon Steel has set a goal to reach net-zero emission by 2050, Nikkei learned on Thursday, a move that could nudge other manufacturers to try to meet Prime Minister Yoshihide Suga's pledge to achieve carbon neutrality across the country by the same year. Nippon Steel, Japan's biggest steelmaker, will introduce a new way of steelmaking using hydrogen which can reduce carbon emissions by up to 80% compared with conventional methods of production. The steelmaker's new green target will be unveiled in a business plan it is currently drafting which will be published by March 2021. The company will also accelerate the shift from its aging facilities to electric furnaces that are environmentally friendlier. Such a move by Nippon Steel is significant because the steel industry is the biggest generator of carbon emissions within the manufacturing sector.
Tags : ALLIED Steel Japan Nippon Steel manufacturers Carbon Neutral