GFG Alliance to drive GREENSTEEL transition

GFG Alliance to drive GREENSTEEL transition

Sustainable industry leader GFG Alliance (GFG), owner of LIBERTY Steel Group, has today announced the launch of a major new three-way policy partnership with thought-leading organisations in the spheres of environment, manufacturing and policy-making.

GFG’s partnership with Green Alliance, the University of Sheffield Advanced Manufacturing Research Centre and Bright Blue comes during the COP26 summit in Glasgow, where the three organisations will set out thinking on policies required to develop a sustainable future for UK steel and embed investor support for the decarbonisation of steel production.

GFG Alliance, a lead sponsor of the World Climate Summit, has for over a decade led the debate on the need for transition to GREENSTEEL. LIBERTY Steel UK operates electric arc furnaces at its Rotherham site which recycle steel scrap instead of producing steel from coal and iron ore. Electric arc furnaces produce only a tenth of the direct emissions compared with traditional blast furnace operations but are highly electro-intensive. With a rapidly decarbonising energy grid the UK has a significant opportunity to lead the GREENSTEEL transformation by recycling steel with renewable power,

The partnership is being launched with a “Prospectus for GREENSTEEL”, in which the three organisations highlight the role that steel making and products made from steel can play in the drive to net-zero, and with a competitive operating environment and the right policy incentives in place.

GFG Alliance Executive Chairman Sanjeev Gupta said:

“The UK steel sector has been under enormous strain in recent years due to competitiveness issues and a lack of investment, yet the chance to show leadership and innovation in GREENSTEEL is now there to be grasped.

“Steel can be at the heart of our collective transition to a net-zero world. To achieve this the industry must change how steel is made. The case for decarbonised technologies – electric arc furnaces and in time hydrogen – is overwhelming.

“Clear thought and commitment from policy-makers and business leaders is needed to unlock investment in decarbonising steel production. Our partnership with Green Alliance, the University of Sheffield Advanced Manufacturing Research Centre and Bright Blue will tap into their environmental, operational and economic expertise to make the case for change until it becomes a reality.”

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