Corinth Pipeworks plans to become the first carbon-neutral steel pipe manufacturer through its low-carbon emissions initiatives in 2020.
In 2019, the Greece-based pipes maker undertook a slew of technological upgrades and process improvements to advance its energy efficiency. To achieve its objective of becoming carbon neutral, Corinth has signed contracts to meet all its electricity supply needs from green electricity, or renewable energy sources since 91pc of the company’s total energy consumption is electricity.
The company also intends to implement UN approved CO2 emissions reductions programs, such as foresting and upgrade internal systems to substitute fossil fuel consumption, and expand initiatives to reduce carbon emissions in its supply chain.
Corinth Pipeworks has a steel pipe manufacturing facility in Thisvi, Greece which serves the oil, gas and construction sectors. Annual capacity at its four pipe mill segments is 1.3mn mt. It also operates the Seversky Pipe Plant in Russia.