Cleveland-Cliffs plans to reduce greenhouse gas emissions by 25%

Cleveland-Cliffs announces goal of reducing greenhouse gas emissions by 25% by the year 2030. Cleveland-Cliffs announces goal of reducing greenhouse gas emissions by 25% by the year 2030. |  Photo: WDIO FILE

WDIO
Updated: January 28, 2021 09:04 AM
Created: January 28, 2021 07:14 AM

Cleveland-Cliffs announced Thursday that the company plans to reduce greenhouse gas emissions by 25% by the year 2030.

The reduction will be compared to 2017 baseline levels.

CEO Lourenco Goncalves said, "We at Cleveland-Cliffs acknowledge that one of the most important issues impacting our planet is climate change. The American steel industry is one of the cleanest and most energy efficient in the world, and therefore the utilization of steel made in the USA is a decisively positive move to protect the planet against massive pollution embedded in the steel produced in other countries."

Their iron ore operations have already been focusing on reducing emissions and have exceeded the reduction goals. That's thanks to upgrades to the plants with new equipment, the closure of the North Shore Mining power plant, and Minnesota Power's achievement of reaching 50% of their energy generation through renewables.

Some of the priorities for the company to reach the 2030 goal include:

1) Developing domestically sourced, high quality iron ore feedstock and utilizing natural gas in the production of HBI.

2) Implementing energy efficiency and green energy projects.

3) Investing in the development of carbon capture technology.

4) Enhancing greenhouse gas emissions transparency and sustainability focus.

5) Supporting public policies that facilitate carbon reduction in the domestic steel industry.

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