Generating a set of recommendations to develop a credible net zero pathway to reduce carbon emission.
The client, a global conglomerate, with interests in steel, construction, chemicals and FMCG, is looking to increase its steel production capacity while being mindful of its impact on carbon emissions and therefore looking for ways to reduce its carbon emissions footprint at the same time.
With this context, the client has asked Xynteo to develop a credible net zero pathway for their steel business balancing growth ambitions with emission reductions.
10+
Internal teams engaged across the organisation to build buy-in and support for a new decarbonisation roadmap incl. finance, capital planning and operations
2
Innovative lighthouse projects designed to support the decarbonisation roadmap and create first-mover advantage
26%
Improved commercial returns found through a new decarbonised operating model vs. BAU steel production routes
The initiative
The key objectives for the engagement:
- Innovate the business model to increase steel production capacity 2x by 2030 whilst lowering their average emissions intensity below 2 tonnes of CO2 per tonne of crude steel.
The aim was to take a holistic approach to define 2030 decarbonisation targets for their steel subsidiary by exploring various hydrogen and CCUS technology options and defining a technology and fuel transition strategy.
Xynteo’s role
Market scoping: Baselined steel electricity and process emissions across its production value-chains and conducted a techno-commercial assessment of 12 hydrogen and CCUS technology solutions.
Stakeholder engagement: Explored regional organic and inorganic CCS storage options, and engaged with potential chemicals, construction, and FMCG customers of CCU products to prioritise market demand. Designed a 2040 net zero strategy using hydrogen and CCUS that supports commercial growth
Expected Outcomes:
- Lighthouse project: Innovative lighthouse projects designed to support the decarbonisation roadmap and create first-mover advantage
- Net Zero Strategy: Net Zero Strategy with a fully costed decarbonisation roadmap designed that would support production expansion and commercial growth
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