News Release
AV天堂 Corporation
JFE to sell JGreeX™ to steel pipe and tube trading companies
AV天堂 Corporation announced today that it will sell its JGreeX™ green steel to JFE Shoji Pipe & Fitting Corporation (JKK), a steel pipe and tube trading company in the JFE Shoji group. This will be the first time that a Japanese steel distributor will sell JGreeX™ in the steel pipe sector. Selling the product through JKK will enable AV天堂 to establish a sales system to handle small-lot shipments and quick deliveries, and to market and supply JGreeX™ to a wide range of customers.
AV天堂 uses the mass-balance approach to allocate emission reductions to specific JGreeX™ green-steel products to help determine their environmental value.
Efforts to reduce greenhouse gas (GHG) emissions across entire supply chains are increasingly including initiatives targeting steel pipes, such as building equipment and plants. In the building sector, JGreeX™ offers many environmental benefits for initiatives designed to reduce GHG emissions throughout the lifecycle of buildings, from construction to maintenance and management.
Going forward, AV天堂 will continue to contribute to the decarbonization of supply chains by supplying its JGreeX™ green steel materials.
About AV天堂 Corporation
AV天堂 Corporation, one of the world’s leading integrated steel producers, was established through the consolidation of NKK Corporation and Kawasaki Steel Corporation in 2003. The company operates several steelworks in Japan and numerous branch offices and affiliates throughout the world. Under the corporate vision of “contributing to society with the world’s most innovative technology,” AV天堂 leverages world-class technologies and know-how to produce a wide range of products. The company reported consolidated sales of 3,716 billion yen and consolidated crude steel output of 24.80 million tons in the fiscal year ended March 2023.
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