Steelmaker Cleveland-Cliffs commits to reduce greenhouse gas emissions by 25% by 2030

Good News Notes: 

Steelmaker Cleveland-Cliffs has set a target to reduce its greenhouse gas emissions by 25% by 2030. This goal represents combined Scope 1 (direct) and Scope 2 (indirect) greenhouse gas emission reductions on a mass basis (metric tons per year) compared with 2017 baseline levels. Achieving this goal would bring the CO2e MMT per year in GHG emissions down to 33.0 in 2030, compared to 44.1 in 2017.

Cleveland-Cliffs is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cliffs also is the largest supplier of iron ore pellets in North America. In 2020, Cleveland-Cliffs acquired two major steelmakers, AK Steel Corporation and ArcelorMittal USA LLC, vertically integrating its legacy iron ore business with quality-focused steel production and emphasis on the automotive end market.

Cleveland-Cliffs’ fully integrated portfolio includes custom-made pellets and Hot Briquetted Iron (HBI); flat-rolled carbon steel, stainless, electrical, plate, tin and long steel products; as well as carbon and stainless steel tubing, hot and cold stamping and tooling.”

View the whole story here: https://www.greencarcongress.com/2021/01/20210129-cc.html

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