Japan’s Nippon Steel announced plans to invest ¥870 billion (USD$6.05 billion) to transition from traditional blast furnace steelmaking processes to electric arc furnace (EAF) technology at three of its Japanese plants, in a move aimed at significantly reducing the carbon emissions of steel production.
Steelmaking is one of the biggest emitters of CO2 globally, and one of the more challenging sectors to abate, with total greenhouse gas emissions (GHG) from the sector accounting for 7% – 9% of direct emissions from the global use of fossil fuels.
In March 2021 Nippon Steel announced its Carbon Neutral Vision,
