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to go green in supply chains and the origin / production of materials being used . Secondly , many countries are subsidizing the use of CO 2
-reduced steel , in one way or the other . Thirdly , in a time when housing is a pressing issue in many EU countries , and with both consumers and businesses demanding a greener way of building , a more time- and energy-efficient construction process is required - and green steel offers the perfect solution to both . Last but not least , the construction business has been exposed to the economic shock waves of geopolitical turmoil , which , in turn , has led to a new willingness to innovate .
Going the extra mile : Introducing Nexigen ® Data Services
In addition to these two landmark projects , Klöckner & Co , in mid-2023 , took another decisive step towards the decarbonization of the steel industry by introducing Nexigen ® Data Services : Using this technology solution , customers can manage their product emissions intelligently and digitally .
Nexigen ® Data Services has been built on the Nexigen ® Product Carbon Footprint ( PCF ) Algorithm . Independently certified by TÜV SÜD , the Nexigen ® PCF Algorithm calculates the individualized product carbon footprint from raw material extraction to the customer ’ s factory gate ( cradle to customer entry gate ) for nearly all of our 200,000 products , not just for individual parts . This means that the CO 2 emissions of almost every Klöckner product purchased can be precisely tracked down to the kilogram - a major advantage for customers in the competition to establish sustainable value chains . Thanks to our Nexigen ® PCF Algorithm , customers can make their purchasing decisions based on transparent values and implement their decarbonization strategy and in turn are able to create more sustainable value chains and products .
In addition to insights into the CO 2 emissions history of the products customers have already purchased , the Nexigen ® Data Services tool recommends greener alternatives to these products and illustrates the corresponding potential for emissions reduction . Moreover , the service visualizes the CO 2 emissions of a steel product along the entire value chain by means of a CO 2 passport , which is easy to trace and cannot be altered thanks to the use of blockchain technology .
The technology behind this solution was developed in-house by Klöckner & Co using Polkadot – an open blockchain technology that is the most energy-efficient one compared to other blockchains . Moreover , the use of this innovative technology allows for a high degree of data integrity and resiliency against outages as well as gapless transparency along the entire value chain , while at the same time raising the bar for CO 2 emissions tracking in the steel industry .
With the help of our CO 2
-reduced Nexigen ® solutions , we at Kloeckner pave the way for our industry to move ahead in 2024 : It is not only about offering CO 2
-reduced metal products as such , but increasingly also about providing straightforward , hands-on , and transparent , digital solutions to make
CO 2
-reduced materials work , thereby embracing the next-level green steel business .
Mark your calendar !
On June 26 and 27 , visit stand A18 at the Green Steel World Expo & Conference in Essen and use this unique window of opportunity to engage with the experts from Kloeckner Metals Germany .
22 Green Steel World | Issue 10 | February 2024