Nippon Steel has announced that it will invest approximately 110 billion yen in a coal mining company established by a major Canadian resource company.
The aim is to secure high-quality coal, which is indispensable for next-generation steelmaking technology that leads to decarbonization.
The steel industry accounts for about 40% of the industry's carbon dioxide emissions, so decarbonization is a major issue. is underway.
However, the use of technology requires higher quality coal in the iron production process, and in order to secure such coal, Nippon Steel decided to invest in a coal mining company established by Canadian resource giant Tech Resources. I was.
According to the announcement, we will invest about 110 billion yen and acquire 10% of the shares, and we hope to lead to stable procurement through investment.
Toward decarbonization, the company will combine
▽steel manufacturing technology using hydrogen,
▽technology to melt iron scraps with electric heat,
and ▽technology to bury the emitted carbon dioxide underground. We aim to achieve net zero emissions by the end of the year.
Nippon Steel Executive Vice President Takashi Hirose said at an online press conference, "We would like to take on the challenge of developing technologies to achieve carbon neutrality ahead of other countries, and aim to become the world's No. 1 steelmaker in comprehensive strength." I'm here.