Ethical Performance
inside intelligence for responsible business


Steel sector changes gear

April 2009

The European steel industry is to step up its efforts to reduce the carbon dioxide emissions of its operations.

The European Steel Technology Platform (Estep) has said it will adopt new programmes worth about 1billion euro ($1.35bn, £935million) on top of its existing Ultra Low CO2 Steelmaking (Ulcos) project.

The aim of Ulcos is to halve carbon dioxide emissions ‘in the long term’ – no more specific target date is given – by using methods such as carbon capture and recycling on investment projects scheduled for the next five years in Germany and France.

ESTEP has now given its support to an additional automobile programme in which its partners will develop low-weight steel for cars.

The steel industry accounts for four per cent of global carbon dioxide emissions.

Estep chairman Michel Wurth said the new measures would be particularly important ‘during the present sharp economic crisis’ because they would make the European industry more competitive.  

‘We hope this will strengthen Europe’s technological leadership in a fair and competitive environment,’ he said.

European Steel Techonology Platform | Europe | Carbon Emissions

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