“Investors, financiers, and auto companies should all be asking tough questions of AMSA (ArcelorMittal South Africa), demanding more urgency and ambition on climate action plans, as well as in relation to meeting pollution standards and laws.” This was the message from Leanne Govindsamy of South Africa’s Centre for Environmental Rights, to shareholders as they gathered for the AMSA AGM. The new report from [https://bit.ly/4577FTw] CER calls on the ArcelorMittal Group to - Take definitive action and cease choosing fossil-business as usual while stopping all new blast furnace relining and end all coal use by 2040. - Update its 2030 targets and add targets for 2040. Similarly, it must end double standards and implement its targets consistently across all subsidiaries, joint ventures, and material associates, especially those in the Global South. - Deliver by 2025 concrete, verifiable asset-by-asset transformation plans to end coal-based production processes globally. CER highlights the immense opportunity facing AMSA to become a world leader in zero carbon steel making, adding shareholder value while addressing climate, environmental and social concerns. CER flags the need for 👉 The automotive industry to leverage their customer influence to accelerate the decarbonization of the steel industry, and 👉Financiers to direct the flow of capital and funds into fossil free steel projects.
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We are pleased to co-sign this open letter to Minister Smith, outlining the urgent need for the Government of Ontario to vest pore space for underground carbon dioxide storage as a vital next step in delivering a comprehensive CCUS framework in the province. As explained in the letter: "Without vesting pore space, CCS will be economically unviable in Ontario, risking billions of dollars in investments and thousands of jobs. Furthermore, failure to do so may jeopardize the competitiveness and ability of hard-to-abate industries, including steel, cement, fertilizer and hydrogen producers, to leverage this clean technology in reaching their emissions targets." We appreciate the government’s initial steps to remove legislative barriers and develop a roadmap for CCS/CCUS in Ontario. Learn more here: https://lnkd.in/gjVRuruY
Yesterday, the Ontario Chamber of Commerce and several other stakeholders sent a letter to Minister Graydon Smith calling for the Government of Ontario to take additional steps to enable carbon capture and storage opportunities in Ontario. Read the letter: https://bit.ly/4cBH43m Canadian Manufacturers & Exporters | Canadian Steel Producers Association (CSPA) | Cement Association of Canada | Chemistry Industry Association of Canada | Canadian Fuels Association - Association canadienne des carburants | Ontario Energy Association | Clean Prosperity | International CCS Knowledge Centre | Sarnia-Lambton Economic Partnership | Enbridge | Imperial Oil | ArcelorMittal
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The #NZIA was adopted today at the last European Parliament plenary session! ✅ Aluminium made components are indispensable for the production of today’s clean technologies, from solar panels, wind turbines, heat pumps to electrolysers and electric cables . Supporting a made in Europe approach for these components is a must for accelerating the green transition and increasing the resilience of Europe’s economy. The Net-Zero Industry Act should encourage both the production of aluminium made components for Net Zero Technologies and support the development of transformative industrial technologies for decarbonisation. As we move towards implementing such new framework, the European Commission and Member States must now work on ensuring complementarity between the NZIA and the Critical Raw Materials Act (CRMA). The transformative industrial technologies for decarbonisation defined in the NZIA must be applicable to the entire value chain, from bauxite mining and #primary aluminium, all the way to aluminium transformation and #recycling. We look forward to continuing the collaboration with policymakers in furthering our efforts for the European #aluminium industry! 🤝 #netzero #decarbonisation
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Investment in, and the production of, “Green Hydrogen” in Australia is gaining momentum and is seen as a key pillar in Australia’s decarbonisation journey in the medium to long-term. HFW's Jo Garland and Darren Yeoh consider the opportunities and challenges involved in producing green steel in Australia, in our recent Commodities bulletin. To read the full bulletin, visit: https://lnkd.in/ecjcgYe9 For more information about our global commodities team, visit: https://lnkd.in/gPtVpUE #GreenSteel #GreenHydrogen #Australia #Commodities
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Global Key Accounts Manager - Metals * Board Member A/S Norske Shell * Fellow of Chemistry Europe * Professional Coach
Hi all, As the countdown to DecarbConnect North America 2024 accelerates. Allow me to illuminate highlights of this event that are very important to me: # Facilitating a Fireside Chat on circularity with Modern American Recyclers (MARS) and Nucor Picture. Here, MARS, Nucor and Shell will engage in candid dialogue, sharing insights on scrap steel, recycling alchemy, steel rejuvenation, and the various path to carbon neutrality and greener steels. # Guiding a Round Table Discussion: Gathered around the round table, we will delve into the intricacies of circularity. Participants, representing diverse sectors, will share insights, challenges, and breakthroughs. 1. We will explore closed-loop systems, resource efficiency, and symbiotic collaborations. 2. Case Studies and Best Practices: What lessons can we learn from past? 3. Policy Landscape: Circular economies thrive when policies align. Regulatory frameworks, incentives, and the role of governments in nurturing circularity. DecarbConnect North America 2024 is poised to be a crucible of ideas, where industry leaders converge to shape the future of decarbonization. Excited to participate! Tim Hill Brad Kocher Kristi Caton Dwight “Butch” Caton Daniel Icasiano Jackie Gates Massimiliano Mannino
Decarbonising steel isn’t easy; but introducing more scrap steel into the supply chain is already having a big impact. Next week at the Decarb Connect North America conference, we will be facilitating a discussion on how to strengthen the circularity of the steel value chain along with industry leaders in steel manufacturing and metals recycling. Can’t attend the event? Check back next week to see how the discussion went! In the meantime, find out how Shell Energy can support the steel industry’s path to decarbonisation here: https://lnkd.in/eqzGd7dK
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Encouraging to hear from Australian Treasurer Jim Chalmers that the Australian Government recognises the need for a new approach to industry policy, not just to decarbonise Australia but to assist our trading partners decarbonise their supply chains. Australia should be taking advantage of our mineral wealth and abundant #renewableenergy to build a new range of low-carbon export industries. The opportunity in green iron and steel is clear. Australia can be a world leader in producing #greeniron using #hydrogen to export to our trading partners such as #Korea . We should be doing much more to support projects such as the @POSCO Port Hedland Green Steel Project, which is looking at a hot briquetted iron plant in the #pilbara, #westernaustralia. Looking forward to the May budget announcements which will hopefully include ambitious policies on green iron and steel. Thank you to the Smart Energy Council for organising the valuable industry roundtable with the Treasurer. #decarbonisation #netzero
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New AHC submission! We recently responded to the Department of Industry, Science and Resources' consultation on Future Made in Australia: Unlocking Australia's Green Iron, Steel, Alumina and Aluminium Opportunity. We support the FMIA focus on both green metals and low carbon liquid fuels as demand side initiatives and see them as being matched with the Hydrogen Production Tax Incentive to simultaneously support demand and supply for priority industries. Hydrogen has a strong role to play in green metals, particularly in the production of iron and alumina. The FMIA investment into decarbonising and maintaining existing Australian metals processing facilities can contribute to the expansion and diversification of Australian exports and increase Australia’s sovereign manufacturing capability. Through this submission, we explore the policy mechanisms and strategies that could be considered in establishing a green metals industry in Australia, including incentives focused on end users, the utilisation of government procurement levers, and the development of a carbon border adjustment mechanism that covers hydrogen and its derivatives. Read our submission here: https://lnkd.in/gb2S9zJF #H2au
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Moving from Talk to Action: Steps Towards Firm H2 Demand in Europe 🚀 thyssenkrupp Steel has initiated a tender for an annual clean hydrogen supply of up to 151,000 tonnes in Germany, marking a decisive move in solidifying H2 demand in Europe. 📌 2023 was marked by numerous delays in H2 market investments, attributed to (among others) the absence of firm demand. In 2024 an increase in announced tenders in Europe is expected, driven by European H2 policies (in sectors like oil refining). Stay tuned for updates! 🚀 H2 Green Steel has successfully secured €6.5 billion in funding, with half of its initial annual volumes of green steel already committed through binding agreements, totaling 2.5 million tonnes per annum 📌 Furthermore, global demand regions are actively contributing to the advancement of the H2 market. The United States is finalizing its H2 tax credit rating, while Japan and South Korea are introducing tax credits and grants. Relevant links: https://lnkd.in/dt9SimCP https://lnkd.in/d6fecEgf https://lnkd.in/dT-eXpNc BloombergNEF
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🌍 The global green steel production landscape is evolving, driven by key policies and market leaders. The Inflation Reduction Act (IRA) positions the USA as a leader in low-cost green hydrogen, while the EU’s Emissions Trading System (ETS) and Carbon Border Adjustment Mechanism (CBAM) will price carbon emissions by 2026, reshaping global steel economics. Together with my London colleague, Tom Purnell we have taken a look at projections, challenges and strategies procurement organizations should consider driving cost-effective decarbonization with Green Steel. 👉 https://lnkd.in/dyqGZnF5 #GreenSteel #Procurement #Sustainability #Decarbonization #SteelIndustry #INVERTO
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🚨 Breaking News! 🚨 We're thrilled to announce a major step forward in sustainable aluminium production! Rio Tinto is set to install carbon-free aluminium smelting pots at our Arvida smelter in Québec, leveraging the groundbreaking ELYSIS™ technology through the first-ever technology licence issued by the ELYSIS joint venture. This investment, with contributions from both Rio Tinto, the Government of Canada and the Government of Québec, represents a significant stride towards decarbonizing our operations. The new demonstration plant, equipped with ten pots operating at 100 kiloamperes (kA), will produce up to 2,500 tonnes of commercial-quality aluminium per year without direct greenhouse gas emissions. This investment will further strengthen Rio Tinto’s industry-leading position in low-carbon, responsible aluminium in North America. Becoming the first to deploy the ELYSIS carbon-free smelting technology is a game changer in our strategy to decarbonize and grow our Canadian aluminium operations. Canada has all it takes to be the global green supplier of choice. Groundbreaking projects like the ELYSIS smelting technology will ensure Canada remains at the forefront of the economy of tomorrow while staying focused on its carbon reduction goals. Stay tuned for more updates as we work towards first production in 2027, leading the charge in green aluminium production and reinforcing our commitment to sustainable innovation! Read more here: https://lnkd.in/e_SVREMH #RioTinto #Sustainability #GreenAluminium #Innovation #ELYSISTechnology #Quebec #CleanTech #Decarbonization #AluminiumIndustry
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Ask 4️⃣: Investment in innovation 🏆 The UK boasts some of the best research and innovation expertise, which we must capitalise upon and grasp the opportunity to become global leaders in green steelmaking. A new Government can set up a steel-specific Green Steel Innovation Fund or increase and expand the scope of the Industrial Energy Transformation Fund (IETF). Funding currently available to the steel sector for energy efficiency and R&D is limited or spread thinly across a number of sectors, and the application process is too onerous. Meanwhile, the UK’s £225 million share of the European Research Fund for Coal and Steel, which was a key R&D resource, was never replaced. Already, UK steelmakers support over £214m in active UKRI research programs. A more ambitious and targeted funding programme would drive results at pace and ensure that technologies are commercially available for the Net Zero transition. Find out how we'd boost steel R&D in the UK: https://lnkd.in/eQgqJj-b
UK Steel Election Manifesto 2024
uksteel.org
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