Nucor Sets GHG Reduction Target
By Metal Center News Staff
on Jul 15, 2021
Charlotte, N.C.-based Nucor Corp., has announced a comprehensive greenhouse gas emissions reduction strategy that will lower its GHG emissions intensity of steel mills to 77 percent less than today's global average. The commitment will be measured against a 2015 baseline, the year the Paris Climate Agreement was adopted.
At present, Nucor’s GHG emissions are just 0.47 tons of CO2 per ton of steel, compared to a global average of 1.69 and an integrated steelmaking average of 2.15, the company claims. Upon meeting the current goal, Nucor’s emission intensity would be 0.38 tons of C02 per ton of steel.
Nucor will also continue to report and reduce its Scope 3 GHG emissions associated with raw materials. Beyond 2030, Nucor is committed to further reducing its GHG emissions to a goal of net zero emission steel at scale.
"The green economy is being built on steel. As an electric arc furnace steelmaker and North America's largest recycler, Nucor is already a world leader in sustainable steel. Our GHG intensity is less than one-third the world average, but we are committed to going further," said Leon Topalian, president and CEO of Nucor. "Steel will continue to be an essential material for our nation's economy, and Nucor is proving that it can be produced in a sustainable way to help the world meet its climate goals."
By producing 100 percent of its steel in recycled scrap-based EAFs, Nucor already produces steel with less than half the GHG emissions per ton when measured against the Paris Climate Agreement's most aggressive 2030 GHG intensity targets established by the Transition Pathways Initiative for the steel sector. While the rest of the industry is setting targets to achieve the Below Two Degrees Scenario, Nucor is producing steel today that already exceeds those sector-based goals, the company claims.
As part of this transition, Nucor will also implement new energy efficiency projects, pursue carbon capture and storage and explore ways to further reduce the greenhouse gas emissions associated with its raw materials mix.