Potential offtaker

ArcelorMittal

www.arcelormittal.com

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Which other companies from Luxembourg are actively involved in decarbonization initiatives?
  • Marguerite
  • Ferrero International S.A.
  • Global Fashion Group S.A.
  • CPI Property Group S.A.
  • Globant España S.A.
  • B&M European Value Retail S.A
  • ArcelorMittal is a global steel producer headquartered in Luxembourg. The company operates in over 60 countries and has a workforce of approximately 190,000 employees. It is the world's largest steel producer by volume and revenue, and is a leader in the steel industry.

    ArcelorMittal is committed to decarbonisation and reducing its carbon footprint. The company has set a target to reduce its carbon emissions by 30% by 2030 and to become carbon neutral by 2050. To achieve this goal, ArcelorMittal is investing in new technologies and processes that reduce emissions, such as carbon capture and storage, hydrogen injection, and the use of renewable energy sources.

    One of the ways in which ArcelorMittal is reducing its carbon footprint is through the use of renewable energy. The company has invested in a number of renewable energy projects, including wind and solar energy. In 2020, ArcelorMittal signed a corporate power purchase agreement (PPA) with Eneco, a Dutch renewable energy company, to purchase 125 MW of renewable energy for its operations in the Netherlands. This PPA will enable ArcelorMittal to reduce its carbon emissions by approximately 150,000 tonnes per year.

    In addition to its renewable energy investments, ArcelorMittal is also focused on improving its corporate energy efficiency. The company has implemented a number of energy efficiency measures across its operations, such as upgrading equipment and processes, improving insulation, and optimizing energy use. These measures have resulted in significant energy savings and reduced carbon emissions.

    ArcelorMittal's commitment to decarbonisation is not only driven by its environmental goals, but also by its business strategy. The company recognizes that reducing its carbon footprint and investing in renewable energy is essential for its long-term success and competitiveness. By embracing decarbonisation, ArcelorMittal is positioning itself as a leader in the steel industry and demonstrating its commitment to sustainable business practices.

    In conclusion, ArcelorMittal is a global steel producer that is committed to decarbonisation and reducing its carbon footprint. The company is investing in new technologies and processes to reduce emissions, and is using renewable energy to power its operations. Through its corporate energy efficiency measures and corporate PPAs, ArcelorMittal is demonstrating its commitment to sustainable business practices and positioning itself as a leader in the steel industry.

    ✓ Current offtaker under Corporate PPA's
    ✓ Climate Action 100+ company
    ✓ Science Based Targets member
    ✓ Declared Net Zero commitment