February 22, 2024
PRESS RELEASES

Conares to spearhead revolutionary green steel manufacturing in the UAE

Conares, the UAE’s second-largest steel manufacturer, has announced its commitment to achieving net zero carbon emissions by 2050. This pledge aligns with the UAE’s ambitious 2050 environmental goals and reinforces the company’s role as a trailblazer in sustainable manufacturing.

Supported by a strategic roadmap, Conares is set to achieve 50 per cent of its net zero goals by 2040 and net zero by 2050. The manufacturer’s commitment to contribute significantly to the UAE’s ambitious target of a 93 per cent reduction in carbon emissions by 2050 underscores its role as a pioneer in the steel industry.

Conares has emerged as a leading green steel manufacturer in Dubai, with cutting-edge steel plants in the industrial sector of Jafza.

Central to this sustainability endeavour is a strategic collaboration between Conares and DP World that leverages the trade and logistics capabilities of Jebel Ali Port and Jafza. Through the Jebel Ali hub, Conares seamlessly exports 350,000 metric tonnes of steel products from Dubai to 26 different countries across six continents. As a premier steel manufacturer, Conares is also dedicated to supporting national industrial and economic initiatives including UAE’s “Operation 300bn” and Dubai’s “D33”.

Bharat Bhatia, Chairman and CEO of Conares, said: “Under the visionary guidance of the UAE, Conares is not just adapting to a sustainable future; we are actively crafting it. Our pledge to achieve Net Zero by 2050 reflects our commitment to the nation’s environmental aspirations and our ambition to redefine the standards of green manufacturing in the region.

“Our plan involves a comprehensive overhaul of existing manufacturing systems, focusing on substantial reductions in carbon emissions and attaining a green status throughout our supply chain and manufacturing processes. We remain steadfast in our dedication to supporting the UAE’s vision of economic diversification and sustainable development.”

Vivek Bhatia, Director of Conares, adds, “Conares stands at the forefront of sustainability in steel production, boasting the lowest carbon footprint among all producers in the region. Our commitment extends beyond words to concrete actions as we have installed regenerative AC drives in our mills, harnessing energy during production and minimising electricity consumption. Additionally, we have embarked on rooftop solar power generation across our facilities.

“To further bolster our energy-efficient practices, we’ve invested in a Water Treatment Plant to reduce freshwater consumption, planted over 500 trees which are irrigated sustainably with this processed water, and prioritised eco-friendly lighting, swapping Halogen Lights with energy-efficient LED lights.

“We also take great pride in recycling 100 per cent of our produced by-products, reinforcing our unwavering commitment to sustainable and responsible steel manufacturing.”

Conares’ dedication to sustainability aligns with the UAE’s Industrial Decarbonisation roadmap, an initiative led by the UAE Ministry of Industry and Advanced Technology. The company’s approach to sustainability focuses on holistic, innovative and sustainable solutions that transcend industry benchmarks and encompass broader environmental conservation efforts and supply chain sustainability.

Coinciding with the UN Climate Conference COP 28 in Dubai, Conares unveiled a video illustrating its journey towards sustainability and the UAE’s commitment to enhancing environmental sustainability on a global stage.

Last Updated on 1 month by Middle East News 247

    Middle East News 247

    Middle East News 247

    Middle East News 247 delivers trending business and lifestyle news and essential infotainment for, and from the Middle East region, with key focus on the GCC nations: United Arab Emirates (UAE), Saudi Arabia, Qatar, Bahrain, Kuwait, and Oman.
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