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    HomeTOPICSNet ZeroAFV Beltrame Group launches its first certified carbon neutral steel

    AFV Beltrame Group launches its first certified carbon neutral steel

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    AFV Beltrame Group, one of the leading producers of merchant bars, with operations in Italy, France, Switzerland, and Romania, launches Chalibria, a certified “carbon neutral” steel, accelerating the transition to climate neutrality.

    It is now confirmed that greenhouse gas emissions are among the main causes of the global climate change, so all possible strategies must be adopted to reduce them. In Europe, the recent EU climate law (EEC/EU Regulation No 1119 of 30 June 2021) turned the Green Deal’s political commitment to EU climate neutrality by 2050 into a legal constraint.

    “Emissions generated during the Group’s operations, are well below both international and European industry averages, standing at 570 kg CO2 per tons of rolled steel (Scope 1,2 and 3 upstream), about 75% lower than global steel industry emissions and about 15% lower than the European average of electric furnace steel (EAF) emissions. But the company intends to improve its performance even more by setting itself an ambitious goal to reduce emissions by 40% by 2030 (compared to 2015) from today’s already very low levels”, said Raffaele Ruella, Group CFO and Managing Director.

    The name Chalibria comes from the Latin “Chalybs” (steel) an homage to the ancient Chalybes, considered by the classics to be the originators of steelmaking. Adding ‘libra’ (balance, equilibrium), Chalibria was born: steel in balance.

    For residual emissions that cannot currently be reduced by decarbonisation plan actions, Chalibria’s carbon neutrality is achieved by offsetting CO2 emissions from the value chain (cradle to gate) through the voluntary purchase of carbon credits in accordance with the PAS2060 standard and ISO14064-1 certification certified by RINA. The investments foreseen in the decarbonisation plan, which will be implemented within the timeframe dictated by the European programs, will reduce emissions from production processes and consequently reduce the purchase of carbon credits over time.

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