At the Ternium Industrial Center in Pesquería, Mexico.
The company will be executing projects at several of its plants on its Decarbonization Route.
Ternium has announced the adoption of a decarbonization route with the mid-term goal of achieving a 20% reduction in its CO2 emissions by 2030. The plan will be accompanied by a wide-ranging program of investments in environmentally friendly projects and technologies.
“Climate change has been a priority on the Board’s agenda for some time, as we have been working on a plan to reduce CO2 emissions. The result of these efforts is our first Roadmap towards Decarbonization, with a medium-term reduction target of 20% in CO2 emissions per ton of steel produced by 2030,” announced Máximo Vedoya, CEO of Ternium, as he presented the initiative at a conference with analysts and investors on February 24.
The steps to be taken on the road to decarbonization include projects to:
- Increase the share of renewable energy sources
- Increase the use of scrap in the metal mix
- Expand carbon capture capabilities in direct reduction facilities in Mexico
- Partially replace mineral coal with charcoal in Brazilian and Argentine operations
- Prioritize steelmaking technologies with lower specific emissions
The company will also continue to analyze and develop measures to decarbonize its operations beyond 2030, based on the availability of raw materials, the necessary infrastructure and the regulations of the authorities.
"To better manage these issues, we recently restructured Ternium's Environment area, which now has two divisions, one to develop long-term strategic environmental decisions and the other to monitor day-to-day environmental problems," explained Vedoya. In addition, Ternium's Board of Directors has appointed a representative to oversee the company’s climate change strategy and report on a quarterly basis.
“Carbon neutrality is a goal that can only be achieved if all parts of society work together. I believe that in the coming years there will be even more things that we can do to improve our carbon footprint,” Vedoya said.