Gerdau SA (GGB) has released an update.
Gerdau S.A. has entered into a non-binding two-year Memorandum of Understanding with Petrobras to explore joint opportunities in decarbonization projects and low carbon technologies, including hydrogen, CCUS, and cleaner steelmaking processes. Gerdau boasts a greenhouse gas emission rate that is half the global industry average and is aiming to further reduce its carbon footprint by 2031. The collaboration underscores the company’s commitment to advancing technologies that support the transition to a low carbon economy and the steel industry’s environmental sustainability.
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