Reuters reported that Japan’s JFE Holdings Inc said that it would aim to cut CO2 emissions from its mainstay steel unit JFE Steel by more than 20% by the 2030 financial year that ends March 2031 from the 2013 level in a bid to tackle climate change. JFE spokesman said “We plan to map out feasible plans which could include use of more scrap and more ferro-coke, a technology for improving reduction rate of iron ore put into blast furnace, as well as development of innovative technologies.”
JFE, which has been working with other members of the Japan Iron and Steel Federation to develop new technology to trim CO2 emissions, formed a new project team under the direct control of JFE Steel’s president to step up efforts on its own.For the long term, the Japan’s second-biggest steelmaker aims to achieve carbon neutral soon after 2050, the same target by the Japanese government. The steel federation’s goal is to cut 9 million tonnes of CO2 emission from production process of Japanese steelmakers by 2030 from their emission of 194.4 million tonnes in 2013, representing a 4.6% cut, though it involves various assumptions including an annual crude steel output remaining at around 120 million tonnes.
Source: Steelguru
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