Emsteel advances sustainability efforts
I will provide a summary focusing on the main topic: Emsteel Group's efforts to promote sustainable steel and cement industries and reduce carbon emissions. The global green steel market is projected to reach $604.3 billion by 2026, with a compound annual growth rate (CAGR) of 11.7% until 2033, with the Asia-Pacific region accounting for the largest share of revenue. In line with this trend, Emsteel is working to enhance its capabilities in low-carbon steel production through advanced technologies, clean energy, and hydrogen, aiming to reduce its emission intensity to 0.637 tons of CO2 equivalent per ton of steel by 2025—a 40% reduction compared to the global average. Additionally, the company's technologies, such as direct reduction, the use of clean electricity, and carbon capture, have enabled the development of more sustainable products, like the ES600 rebar, which reduces iron consumption by up to 24%. The company is investing approximately 625 million AED until 2027 to expand its capacities and offer more efficient solutions, with a goal to cut carbon emissions by 40% in steel and 30% in cement by 2030.
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