ArcelorMittal has announced the launch of its first three XCarb initiatives, as part of the company’s journey to deliver on its 2050 net zero commitment. XCarb will ultimately bring together all of ArcelorMittal’s reduced, low and zero-carbon products and steelmaking activities, as well as wider initiatives and green innovation projects, into a single effort focused on achieving demonstrable progress towards carbon neutral steel.
ArcelorMittal CEO Mr Aditya Mittal said “Climate change is an overwhelming societal priority. At ArcelorMittal, we have an important role to play in helping society deliver the objectives of the Paris Agreement and are determined to lead our industry’s transition to carbon neutral steel.
“We have the scale, resources and technological prowess to make a significant impact, and have already identified the routes to carbon neutral steelmaking through our Smart Carbon and Innovative DRI pathways. “Our launch of XCarb brings the full breadth of our decarbonisation activity together under a single umbrella brand. It aims to demonstrate to stakeholders the diverse range of initiatives we are undertaking in pursuit of our 2050 net zero goals while also providing our customers with solutions which help them address their own carbon reduction targets, demonstrating the important role steel has to play in a future, circular economy.”
To support its launch, ArcelorMittal announced three XCarb branded initiatives
1. XCarb Green Steel Certificates
2. XCarb Recycled & Renewably Produced Products
3. XCarb Innovation Fund