The role of steel in the net-zero emission journey

The steel industry stands as a significant contributor to global emissions, accounting for approximately 8% of the total. Often referred to as one of the "hard to abate" sectors, its decarbonization journey and mitigation poses considerable challenges due to long lifespan of steel production assets, high asset replacement costs, coupled with heavy reliance on access to renewable energy sources.

The purpose of Trace CO2

To accelerate the steel industry transition, digital traceability and supply chain visibility stands to drive improved accountability and act as a key enabler that can promote sustainable and circular business practices, provide more efficient and scalable reporting methods, and generate more reliable and accurate accounting models that are less reliant on the use of secondary emission data sources.

CO2 Trace is a EIT Manufacturing funded project with the primary goal of empowering secure and efficient Product Carbon Footprint(PCF) accounting practices that accommodate the unique characteristics of the steel industry by...

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Defining a unified approach for collection of CO2 emissions data
Implementing a dynamic CO2 reporting tool for steel and steel products
Prove viability of business concept and scale within existing networks

Collaboration model

ChainTraced, together with a consortium of partners, has been chosen to execute an innovation project during 2024. With the ambition of offering scalable and transparent practices within CO2 emissions tracking and data exchange.

Business owner

Activity leader

End users

Training partner

Trace CO2

The role of steel in the net-zero emission journey

The purpose of Trace CO2

Collaboration model

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Contact

Victor Andersson

Aleksandra Kempinska