IRELAND: Trane Technologies has announced low-carbon steel purchase agreements with major suppliers Nucor Corporation and US Steel.
Nucor’s Econiq and US Steel’s VerdeX will be used in Trane’s US manufacturing operations for its domestic and commercial heat pumps and air conditioners.
Representing 20% of Trane Technologies’ annual steel purchase, the low-carbon steel is nearly 80% less carbon intensive than traditional blast furnace steel. With this purchase, the company expects to reduce nearly 16,000 tonnes of carbon annually with a reduction of 120,000 tonnes by 2030.
“Sustainability is at the core of our strategy, and we’re excited to take another step forward in our journey to net-zero HVAC solutions,” said Dave Regnery, chair and CEO of Trane Technologies.
“Our partnerships with Nucor Corporation and US Steel will make our products even more sustainable as we continue to decarbonise our full value chain – from the raw materials we use, to our own operations, to the lifecycle impact of our products and services around the world,” said Trane chair and CEO Dave Regnery.
Trane Technologies has pledged to procure, specify or stock 50% net-zero steel by 2030 and 100% net-zero steel by 2050 as a member of SteelZero.