Emirates Steel Arkan, Japanese companies partner up to manuf...| MENAFN.COM

Wednesday, 07 December 2022 07:48 GMT

Emirates Steel Arkan, Japanese companies partner up to manufacture low-carbon steel


(MENAFN) Emirates Steel Arkan, the biggest public steel and building materials production in the UAE, has teamed up with Japanese exchanging house Itochu and JFE Steel in a program for a ferrous raw material output facility in Abu Dhabi.

The action might boost the Emirates’ efforts to additionally lower the productions of its industrial actions.

ESA, established after the partnership of Emirates Steel and Arkan Building Materials in 2021, and the two Japanese firms is going to achieve feasibility studies for the creation of the plant in the UAE capital, the steel producer stated in an announcement on Monday to the Abu Dhabi Securities Exchange, where its stakes are exchanged.

The program is projected to reach increasing worldwide request for green steel.

Saeed Al Remeithi, group head executive of Emirates Steel Arkan, stated that “We are proud to be leading efforts among steel makers in the Middle East to decarbonise amid an intensification of the global drive to curb carbon dioxide emissions.”

Adding that “If hydrogen reduction becomes an established technology in the production of steel, Emirates Steel Arkan will rapidly harness it to further reduce its carbon emissions.”

MENAFN27092022000045014228ID1104929797


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.