Cleveland-Cliffs Partners with U.S. Department of Energy through Better Climate Challenge Initiative
November 03 2021 - 02:06PM
Business Wire
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it
has entered into a partnership with the U.S. Department of Energy
(DOE) as part of the Better Climate Challenge initiative, a new
government-sponsored effort challenging organizations to set
ambitious, portfolio-wide GHG emission reduction goals.
The initiative provides additional opportunities for peer
exchange and technical assistance to meet the urgent call to
mitigate the impacts of climate change. As part of the partnership,
the DOE will provide technical assistance and opportunities to
learn and share actionable best practices for carbon reduction.
Through the Better Climate Challenge, Cleveland-Cliffs remains
committed to reducing greenhouse gas (GHG) emissions 25% by 2030
from 2017 levels. This goal represents combined Scope 1 (direct)
and Scope 2 (indirect) GHG emission reductions on a mass basis
across all operations. The Company is also a proud partner of the
Better Plants program.
Lourenco Goncalves, Chairman, President and CEO, said, “We are
pleased to now be working hand-in-hand with the U.S government in
our efforts to meet our 2030 emissions target, and also share what
we believe are global best practices in minimizing greenhouse gas
emissions. Our operations are among the most environmentally
friendly of their kind in the world, but we still continue to make
improvements to reduce carbon emissions. This includes the use of
HBI in blast furnaces, the increased utilization of prime scrap in
our BOFs, and with that, the corresponding reduction in coke rate.
We appreciate the DOE’s recognition of our accomplishments thus far
and look forward to reporting on our continued emissions reduction
progress.”
About Cleveland-Cliffs Inc.
Cleveland-Cliffs is the largest flat-rolled steel producer in
North America. Founded in 1847 as a mine operator, Cliffs also is
the largest manufacturer of iron ore pellets in North America. The
Company is vertically integrated from mined raw materials and
direct reduced iron to primary steelmaking and downstream
finishing, stamping, tooling, and tubing. The Company serves a
diverse range of markets due to its comprehensive offering of
flat-rolled steel products and is the largest supplier of steel to
the automotive industry in North America. Headquartered in
Cleveland, Ohio, Cleveland-Cliffs employs approximately 25,000
people across its mining, steel and downstream manufacturing
operations in the United States and Canada. For more information,
visit www.clevelandcliffs.com.
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