10,082.10 TRY BIST 100 BIST 100
35.83 USD USD USD
4.97 CNY CNY CNY
37.21 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
38.09 TRY Interest Interest
77.25 USD Fossil Oil Fossil Oil
31.42 USD Silver Silver
4.30 USD Copper Copper
105.78 USD Iron Ore Iron Ore
339.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,223.56 TRY Gold (gr) Gold (gr)

SINAI Technologies, ArcelorMittal and RMI collaborate to decarbonise steel

SINAI Technologies is teaming up with steel giant ArcelorMittal Brasil and clean energy transformation organisation RMI in a groundbreaking joint venture to help decarbonise the steel industry.

SINAI Technologies, ArcelorMittal and RMI collaborate to decarbonise steel

SINAI, a decarbonisation and carbon management software platform, aims to contribute to more sustainable steel production using its expertise in this field.

The steel industry is known to account for approximately 7% of the world's total greenhouse gas (GHG) emissions, making decarbonisation critical for climate change mitigation.

However, due to the lack of standardised emissions information, implementing meaningful climate commitments in the sector has proven difficult.

For this reason, clean energy transformation organisation RMI, as part of its Horizon Zero project, has published the Steel Emissions Reporting Guide to help steel stakeholders calculate their total supply chain emissions, also known as Scope 3 emissions.

ArcelorMittal Brasil is keen to adopt greener production processes, which is why the company has joined the agreement in full swing by uploading its steel plant operational data to the SINAI platform.

This data will enable SINAI to create a process-level greenhouse gas (GHG) inventory of the company's emission sources and the amount of emissions they produce.

Together, SINAI, RMI and ArcelorMittal Brasil will be able to pilot test how better reporting guidance and software solutions can provide the transparency needed for sustainable purchasing decisions.

This collaboration will be a crucial step towards decarbonising a sector that is notoriously difficult to decarbonise, potentially creating differentiated commodity markets to drive the process forward.

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

Dr. Keyvan Jafari Tehrani discusses the challenges and future of Iran's mineral exports

Sunday, February 2, 2025

Syria's reconstruction is an opportunity for Türkiye's steel industry

Sunday, February 2, 2025

Inflation expectations in Türkiye decreased in January

Tuesday, January 28, 2025

Türkiye's steel production over the last 10 years!

Tuesday, January 28, 2025

Withholding tax on deposits increased to 15%!

Sunday, February 2, 2025
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