Jul. 14, 2022
Nippon Steel Corporation
Nippon Steel Corporation ("Nippon Steel") and Anglo American PLC
("Anglo American") have signed a memorandum of understanding to jointly deliberate and discuss
solutions for accelerating the transition toward the carbon neutral steelmaking, including the reduction
of CO2 emissions, through the optimal use of Anglo American iron ore.
Based on this memorandum, the companies plan to reduce CO2 emissions for the current blast furnace process
through the optimal use of high-grade Anglo American ore, along with focusing on research related to the
use of high-grade Anglo American iron ore within direct reduction processes, which have a lower
environmental impact.
In March 2021, Nippon Steel announced its "Nippon Steel Carbon Neutral Vision
2050," which is the company's original initiative to combat climate change. This initiative positions
the attainment of carbon neutrality by 2050 as the top priority for the company's management, and makes
efforts toward deliberating on and implementing various measures. By 2030, our plan is to achieve
reduction of CO2 emissions by 30% compared to 2013 through the practical implementation of COURSE50 into
the current blast furnace and basic oxygen furnace processes, reduction of CO2 emissions in existing
processes, and establishment of an efficient production framework. Toward 2050, we will take on the
challenge of adopting ultra-innovative technologies such as mass production of high-grade steel in
electric furnaces, drastic reduction of CO2 emissions through Super-COURSE50 and other developments in
hydrogen reduction methods, and production of direct reduction iron using hydrogen, and we will aim to
achieve carbon neutrality by taking a multi-aspect approach, including measures to offset carbon through
CCUS and other methods.
In October 2021, Anglo American issued its climate change report and presented its ambition of a 50%
reduction in Scope 3 carbon emissions by 2040, and further developed their existing commitments by aiming
to attain carbon neutrality within all operations by the same year. The report offered a multilayered
approach such as developing high-quality products that correspond to more efficient, low-carbon
manufacturing processes, minimizing emissions while improving efficiency, and working with customers to
boost initiatives toward decarbonization.
Nippon Steel will continue to pursue world-leading technologies and manufacturing capabilities, and
contribute to society through activities that align with the Sustainable Development Goals (SDGs) adopted
by the United Nations.
