Green Steel in the Philippines
SteelAsia is leading decarbonization in the steel industry globally.
Setting global benchmarks for green steel manufacturing
SteelAsia has one of the greenest rebar mills in the world. DNV (Det Norske Veritas) verified in an independent assurance engagement the carbon footprints for rebar and billet produced at SteelAsia Calaca. The Norwegian firm verified that the CO2 emissions intensity per ton of crude steel produced is 0.28 tons for Scopes 1, 2 and 3. This presents a striking contrast to the 2.32 tons of CO2 per ton crude steel average generated by conventional steelmaking (Blast Furnace – Basic Oxygen Furnace technology), where CO2 emissions from SteelAsia Calaca Works is nearly 90% lower.
Green steel as strategy
SteelAsia produces green steel in its mill in Calaca, Batangas through low CO2 processes—100% scrap recycling (Scrap-Electric Arc Furnace technology) combined with 100% renewable energy.
Future steel plant projects of the company will be modeled after SteelAsia Calaca. SteelAsia is installing Green Steel plants for new steel products in Batangas, Quezon, Davao City and Tarlac in the next few years. Read more about the company’s green steel strategy.
Enabling sustainability
Moody’s rated SteelAsia with a “Very Good” SQS2 Sustainability Quality Score or the company’s green steel strategy and Sustainable Finance Framework.
The rating—one of the highest given to a steel company in the world and the highest for any company in the Philippines—represents SteelAsia’s strong contribution to environmental and social objectives, as well as alignment with international sustainable finance standards.
SteelAsia supports circular economy projects with clients and stakeholders, enabling them to pursue sustainable practices and lower their carbon footprint to benefit their communities.
Local companies have already partnered with SteelAsia for circular initiatives such as closed-loop steel recycling partnerships which support sustainable growth and supply chain integration.
Read more on SteelAsia and Green Steel:
Certifications
Read more about this certification.
Read more about this rating.