ArcelorMittal Europe - Flat Products, a subsidiary of Luxembourg-headquartered steelmaker ArcelorMittal, has announced that it has signed a memorandum of understanding with Polmotors, a Polish company specialized in metal forming and automotive components assembly, on reducing carbon emissions in the automotive supply chain as well as using the XCarb® solutions of ArcelorMittal.
The agreement strengthens the longstanding partnership between the two companies, as well as broadening the scope of the partnership by creating a long-term supply relationship. The companies will focus on exploring ways of reducing scope 3 emissions as well as increasing and testing the use of recycled steel in low-carbon emission products.
ArcelorMittal aims to reduce carbon emissions within Europe by 35 percent by 2030, and reach net-zero by 2050.