6 January 2024 – A new article published by one to ONE Holdings (o2Oh) outlines the critical steps the steel industry must take to reduce its carbon footprint and achieve net-zero emissions. The article, titled "How the Steel Industry Can Break Free of Its Carbon Chains" and authored by the President, SHIN Nakamura, is available on AdvancedManufacturing.org.
The article highlights the growing demand for scrap steel, driven by the increasing popularity of electric arc furnace steelmaking, and the resulting supply shortage. This shortage is pushing manufacturers towards increased crude steel production, which poses a significant threat to sustainability efforts.
To address this challenge, Shin advocates for the adoption of hydrogen steelmaking and the integration of AI-powered solutions to optimize processes and improve ESG reporting. The article emphasizes the importance of careful consideration of energy sources used in hydrogen production and the need for skilled personnel to manage AI technologies effectively.
"There’s no single answer to overcoming the steel industry’s sustainability challenges, but full accountability of the energy value chain to embed decarbonized solutions into methodologies is at the core of combating climate change," says the o2Oh President. "By embracing innovation and fostering cross-industry collaboration, the steel industry can pave the way for a greener future."
AdvancedManufacturing.org is an online platform by SME Media that provides manufacturing professionals with news and information on advanced manufacturing technologies.
o2OG is a group of "glocal" companies led by o2Oh, which originated in Japan and is based in Singapore.