Emsteel + Adnoc Gas sign 20-year gas supply agreement

Steelmaker Emsteel signed a USD 4 bn natural gas supply agreement with Adnoc Gas, according to a disclosure (pdf). The agreement will run for 20 years, starting January 2027.

On a green roll: The low-carbon gas supply comes as part of a larger decarbonization push, which saw Emsteel introduce TrueGreen, a sustainability platform consolidating its decarbonization efforts and setting global standards for low-carbon steel, according to its financials (pdf). The company also piloted the world’s first Electric Process Gas Heater at its Direct Reduced Iron plants, cutting over 2.2k tons of CO2 annually, and delivered the region’s first hydrogen-based rebar.

That’s not all: Emsteel, which secured its second consecutive Steel Sustainability Champion title from the World Steel Association, signed an MoU with Tadweer to manufacture sustainable building materials using alternative fuels and raw materials, and kickstarted a pilot program with Masdar to produce steel using green hydrogen last year.