News

Malaysia has released its Steel Industry Roadmap 2035 (SIR2035), prioritizing the resolution of industry overcapacity while planning to cut carbon emissions through carbon pricing mechanisms such as a carbon tax.

The EU ETS “urgently needs to be adjusted” to prevent industry in the union from falling behind global competitors as the momentum of the green transition has slowed, said German steelmaker Thyssenkrupp.

BHP, the world’s largest mining company, announced a partnership with leading steel and energy companies to assess the feasibility of establishing a regional CCUS hub in Asia on August 11.

Companies need to work to cut supply chain emissions, and so boost the greening of the steel and aluminium sectors, three experts explain.

To strengthen its green competitiveness, Vietnamese steel giant Hoa Sen Group has partnered with Singapore’s SP Group to deploy a Cooling-as-a-Service (CaaS) system, combined with rooftop solar power.

As Europe’s industries struggle to source the cheap green hydrogen they need to become climate-friendly, a group of companies believes the answer is to ship it from Oman.

Despite recent setbacks in its efforts to establish green steel production, Germany should continue its support for the transition to hydrogen-based industrial processes, said the CEO of steelmaker Salzgitter, Gunnar Groebler.

Cement is tightly linked to national economic development, particularly in emerging markets undergoing rapid infrastructure expansion. However, the sector is also a major source of carbon emissions.

The EU’s CBAM, starting in 2027, will impose carbon tariffs on high-emission imports—posing a major challenge to Vietnam’s steel exports. In response, Hoa Phat and VNSteel are stepping up decarbonization efforts and investing in green energy.

Electric vehicles (EVs) are widely seen as low-carbon transportation, yet their battery supply chain remains heavily reliant on fossil fuel. This is especially true in Indonesia, the world’s top nickel producer.