ArcelorMittal closes first deal to sell green steel in Brazil

ArcelorMittal Tubarão, a Brazilian producer of slabs and flat products, has announced the first sale of steel products with the XCarb environmental certificate (reducing CO₂ emissions during production). This was reported by A Gazeta.

According to the company, by purchasing these products, customers can reduce on average 75% of the carbon emissions associated with ArcelorMittal steel over the life of the product.

The steel batches have already been produced and delivered. The buyers are Águia Sistemas, a company that provides storage, processing and automation of internal logistics systems, and Espaço Smart, a household goods company.

According to ArcelorMittal, the reduction in emissions was achieved mainly through the use of natural gas in blast furnaces, which replaced some of the coking coal used in the production process.

According to Eduardo Zanotti, commercial vice president of ArcelorMittal Flat Carbon in Latin America, the group’s global goal is to achieve carbon neutrality by 2050. A number of measures are already being taken to achieve this, such as the XCarb program.

Last summer, ArcelorMittal launched a program to finance and support decarbonization projects in India as part of the XCarb innovation fund. Together with the Indian Institute of Technology (IIT Madras), the company will identify and support environmental startups that will contribute to the decarbonization of industry. The program is also supported by ArcelorMittal AMNS, an Indian steelmaker.

As GMK Center reported earlier, Brazil’s ArcelorMittal Pecem reached its design capacity, producing 3 million tons of slabs in 2023.