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Nippon Steel to Invest over $6B in Carbon Neutrality Push
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8 Articles
[NHK] Nippon Steel plans to spend a total of 860 billion yen at its steelworks in Fukuoka, Hyogo, and Yamaguchi prefectures to introduce electric furnaces that can reduce carbon dioxide emissions.
Nippon Steel announced on the 30th that its plan to introduce electric furnaces, which use electricity to melt iron, has been selected for a government-sponsored project. The total investment amount is 868.7 billion yen, of which 251.4 billion yen will be covered by government subsidies. Regarding blast furnaces, which emit large amounts of carbon dioxide (CO2), JFE Steel has also decided to invest 329.4 billion yen (including subsidies) to conv…
Nippon Steel to Invest $6 Billion to Decarbonize Steelmaking
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…
Nippon Steel unveils $6B decarbonization plan to modernize Japan’s steel industry
Nippon Steel unveils $6B decarbonization plan to modernize Japan’s steel industry May 30, 2025 Posted by: Quatro Strategies Categories: Asia Pacific, ESG & Renewable Energy, Mining & Metals No Comments Subscribe to unlock this insight. START YOUR TRIAL NOWALREADY A MEMBER? .vc_custom_1452662201783{margin-right: 0px !important;margin-bottom: 40px !important;margin-left: 0px !import…
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