Ternium is a leading steel producer based in Luxembourg, with a strong presence in Latin America. The company has a long-standing commitment to sustainability, and is actively working to reduce its carbon footprint through decarbonisation initiatives and the adoption of renewable energy sources.
Ternium's decarbonisation efforts are focused on reducing the carbon emissions associated with its steel production processes. The company has invested heavily in the development of new technologies and processes that can help to reduce emissions, such as the use of hydrogen as a reducing agent in the blast furnace.
In addition to these process improvements, Ternium is also working to reduce its energy consumption and increase its use of renewable energy sources. The company has implemented a number of corporate energy initiatives, including energy efficiency programs and the installation of solar panels at its facilities.
One of Ternium's key renewable energy initiatives is the use of corporate power purchase agreements (PPAs). Under these agreements, Ternium purchases renewable energy directly from a generator, often at a lower cost than traditional energy sources. This approach not only helps to reduce the company's carbon footprint, but also provides a stable and predictable source of energy for its operations.
Ternium has also made significant investments in renewable energy infrastructure, including wind and solar farms. These projects not only provide Ternium with a source of renewable energy, but also help to support the development of renewable energy markets in the regions where the company operates.
Overall, Ternium's commitment to sustainability and decarbonisation is a key part of its business strategy. By investing in renewable energy and implementing energy efficiency measures, the company is not only reducing its environmental impact, but also improving its bottom line and ensuring its long-term viability in a rapidly changing global economy.