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Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico.<\/p><\/div>\n
Electra’s process results in zero carbon dioxide emissions. By comparison, approximately 70% of the steel produced globally is made with blast furnace technology, an extractive process fed by iron ore, coal, and limestone that emits about two tons of carbon dioxide for every ton of steel produced.<\/p>\n
Using primarily recycled scrap as raw material, Nucor is already one of the cleanest steelmakers in the world.<\/p>\n
The circular nature of remelting recycled scrap in electric arc furnaces, combined with steel’s ability to be infinitely recycled, means that Nucor’s steelmaking facilities generate roughly one-third of the carbon dioxide of extractive steelmaking plants.<\/p>\n
Its investment in Electra is one of several investments the company is making that furthers Nucor’s status as a sustainability leader and builds on the innovation that has already led to cleaner steel production in the United States.<\/p>\n
“We are focused on investing our capital on opportunities like these that have the potential to take our company and the entire industry to the next level,” said Doug Jellison, Nucor’s executive vice president of raw materials, and a member of Electra’s market advisory board.<\/p>\n
“We will continue to look to the future for new and innovative ways to help our customers achieve their sustainability goals.”<\/p>\n","protected":false},"excerpt":{"rendered":"