Corinth Pipeworks achieved zero carbon emissions in production in late September making it the first steel pipe manufacturer to achieve the threshold.
The European company, which has the capacity to produce a total of 1.3mn mt of pipes across its four mills, had earlier announced its goal to become the first carbon-neutral steel pipe manufacturer through its 2020 initiatives. Corinth also operates the Seversky Pipe Plant in Russia.
Moreover, in early September, Corinth signed an agreement with BG International to provide pipelines for a Shell offshore gas field development in Trinidad and Tobago in the Caribbean Sea. It is the first offshore project utilizing ultra-long pipelines reducing pipe welding needs. Pipe manufacturing and coating will begin in late 2020 in Greece with pipeline installation in 2021. An exact schedule was not provided by the company.
Corinth’s parent company, Cenergy Holdings, recently joined the European Clean Hydrogen Alliance. The Alliance seeks to deploy hydrogen technologies by 2030 by establishing an investment agenda, supporting the scaling up of the hydrogen value chain across Europe, and engaging stakeholders in it. Companies are estimated to invest €430bn ($504bn) in this initiative over the next 10 years.