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A vision for carbon neutral steel by 2030

Carbon Neutral by 2030 (CN30) is a wide-reaching program that will transform industrial manufacturing for a truly sustainable future.

"It's time to get serious about the environmental impact of producing steel and aluminium."

Sanjeev Gupta, Executive Chairman, GFG Alliance

The steel industry is facing a trilemma

 

 

 

Clearly, this is a conflict and fundamental change is needed.
With this in mind, we have announced our ambition to become carbon neutral by 2030 – or as we call it, CN30. This does not mean that we will have no emissions, or indeed that we will abandon traditional practices overnight. This will require strategic long-term thinking and it presents an opportunity for a change in mindset.

How do we plan to transition to GREENSTEEL?

Around 40% of LIBERTY’s steel is already produced from Electric Arc Furnaces (EAFs) in Australia, Poland, the UK and the US.

Our EAFs generate a third less emissions than conventional production from the Blast Furnaces we use in primary steelmaking plants in Australia (Whyalla), the Czech Republic and Romania.

To achieve our ambition to become a carbon-neutral steelmaker by 2030, our GREENSTEEL strategy focusses on:

  • Unlocking our quality magnetite resource
  • Combining steel scrap recycling with renewable power
  • Introducing breakthrough technology to address emissions from primary steelmaking – this includes hydrogen steelmaking and DRI. Gas will be used in the new direct reduced process as a transitional reductant fuel before green hydrogen becomes available at scale and replaces gas as the reductant fuel.

GREENSTEEL feature

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Making GREENSTEEL today’s low-carbon reality: The investment case for GREENSTEEL

Sustainable industry leader, GFG Alliance (GFG), owner of LIBERTY Steel Group, announced the launch of a major new three-way policy partnership with Green Alliance, the University of Sheffield Advanced Manufacturing Research Centre and Bright Blue.

The partnership was launched with a “Prospectus for GREENSTEEL”, in which the three organisations highlighted the role of steel making and products made from steel can play in the drive to net-zero, with a competitive operating environment and the right policy incentives in place.