10,011.27 TRY BIST 100 BIST 100
4.83 CNY CNY CNY
34.98 USD USD USD
36.71 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
43.21 TRY Interest Interest
73.23 USD Fossil Oil Fossil Oil
30.41 USD Silver Silver
4.13 USD Copper Copper
104.99 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,646.47 TRY Gold (gr) Gold (gr)

Elmarakby steel achieves lowest CO₂ emissions in Egypt and Africa

In a significant stride towards sustainability, El Marakby Steel has announced a remarkable reduction in its carbon footprint for the year 2023.

Elmarakby steel achieves lowest CO₂ emissions in Egypt and Africa

Elmarakbysteel achieved a significant in 2023 by reducing carbon emissions to 0.62 tons of CO₂ per ton of liquid steel, a 3% decrease from the 0.64 tons of CO₂ recorded in 2022. This achievement positions Elmarakbysteel as the lowest emitter in Egypt and Africa and among the lowest in the EMEA region (Europe, Middle East, and Africa). This success highlights the company’s dedication to sustainable production practices.

According to the World Steel Association (WSA), the traditional BF-BOF production route emits 2.32 tons of CO₂ per ton of steel, while the DRI-EAF method accounts for 1.43 tons of CO₂, and the recycled scrap EAF method emits 0.70 tons of CO₂. Elmarakbysteel, utilizing the recycled scrap EAF method, has outperformed global benchmarks with an impressive 0.62 tons of CO₂, reducing its environmental footprint significantly.

By investing in energy efficiency and eco-friendly technologies, Elmarakbysteel continues to lower its carbon footprint and remains committed to its sustainability goals. The company stands as a leading example in environmentally conscious steel production and is determined to carry its vision of sustainable manufacturing into the future.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

The Moselle River accident and its effects: logistics, trade and scrap markets shaken

Wednesday, December 18, 2024

Worldwide Stainless acquires Bahru Stainless

Wednesday, December 18, 2024

Cleveland-Cliffs increases HRC prices by $50

Wednesday, December 18, 2024

Europe's crude steel production increased

Wednesday, December 18, 2024

2024 rebar prices in Saudi Arabia reflect decreasing trend compared to 2023

Wednesday, December 18, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now