Interpipe has reduced CO2 emissions by 61%: record progress in decarbonization
In 2024, the Ukrainian industrial company Interpipe reduced specific CO2 emissions from the production of 1 ton of seamless pipe by 61%, and railway products by 46% compared to 2010.
This was announced by the company, which today, on May 16, presented the "decarbonization path" and set goals for 2030.
As noted, such significant progress on the path of decarbonization was achieved mainly due to the modernization of steelmaking facilities.
To replace the closed, environmentally dirty open-hearth production, the company built the innovative Interpipe Steel electric steelmaking complex from scratch. Together with related industries, the total investment amounted to $1 billion, which is still the largest environmental investment in the Ukrainian industry since the country's independence.
In addition, the dynamics of emissions reduction was positively influenced by an increase in the share of premium products in the company's total sales and changes in the product portfolio as a whole.
A significant achievement was a significant reduction in the consumption of carbon–intensive electricity and an increase in "green" electricity. In 2024, the share of electricity from renewable energy+hydroelectric power plants reached 28% in the total mix, compared with 7% in 2010. Overall, the share of carbon-neutral sources of e/energy (nuclear and hydro/RES) in the company's total consumption over the past year was 64%.
Thus, Interpipe's rate of reduction of specific greenhouse gas emissions is one of the best in the industry, as it meets the European Green Deal's 2030 goal of reducing emissions by 55%.