Turkey’s Kardemir plans to reduce emissions by 43% by 2037

Turkish long product manufacturer Kardemir plans to reduce emissions by 43% by 2037 and achieve net-zero emissions by 2053, according to SteelOrbis, citing the company’s 2024 sustainability report.

By 2030, the company aims to reduce its combined Scope 1 and Scope 2 emissions by 19%.

Last year, Kardemir implemented the third phase of its environmental investment program worth approximately $50 million, covering dust suppression systems, flue gas filtration, and wastewater treatment upgrades. Total environmental expenditures for the year amounted to $9.36 million. In 2024, the rolled steel producer covered 60.5% of its electricity needs through its own production.

The company has also established a decarbonization working group and is continuing to study the feasibility of building 200 MW of solar and wind power to expand its renewable energy portfolio.

Kardemir’s strategic plan is consistent with Turkey’s ongoing efforts to establish its own emissions trading system (ETS) compatible with the European CBAM. The company has integrated the potential costs and regulatory impact of these mechanisms into its investment planning.

It should be noted that Turkey could reduce emissions by more than a third by 2035 through investments of $265 billion, according to a study by the Istanbul Policy Center (IPC) at Sabancı University. The transformation in the ferrous metallurgy and aluminum industries will be driven by technological change.