Nippon Steel to Invest over $6B in Carbon Neutrality Push

Nippon Steel to invest over $6B in carbon neutrality push

Nippon Steel announced on Friday that it will commit ¥868.7 billion (about $6.04 billion) to implement three electric arc furnaces (EAFs) at Setouchi Works, Yamaguchi Works and Kyushu Works plants...

[NHK] Nippon Steel plans to spend a total of 860 billion yen at its steelworks in Fukuoka, Hyogo, and Yamaguchi prefectures to introduce electric furnaces that can reduce carbon dioxide emissions.

Nippon Steel announced on the 30th that its plan to introduce electric furnaces, which use electricity to melt iron, has been selected for a government-sponsored project. The total investment amount is 868.7 billion yen, of which 251.4 billion yen will be covered by government subsidies. Regarding blast furnaces, which emit large amounts of carbon dioxide (CO2), JFE Steel has also decided to invest 329.4 billion yen (including subsidies) to conv…

Nippon Steel to invest $6 billion to cut carbon emissions

The Japanese steelmaker says the investment in electric arc furnaces will also increase production capacity

Nippon Steel unveils $6B decarbonization plan to modernize Japan’s steel industry

Nippon Steel unveils $6B decarbonization plan to modernize Japan’s steel industry May 30, 2025 Posted by: Quatro Strategies Categories: Asia Pacific, ESG & Renewable Energy, Mining & Metals No Comments Subscribe to unlock this insight. START YOUR TRIAL NOWALREADY A MEMBER? .vc_custom_1452662201783{margin-right: 0px !important;margin-bottom: 40px !important;margin-left: 0px !import…

Nippon Steel Plans $6 Billion Investment in Its Japanese Mills

Nippon Steel Corp., the Japanese company embroiled in lengthy battle to buy US Steel Corp., said it plans to spend 869 billion yen ($6 billion) at …