TOKYO -- Nippon Steel has set a goal to reach net-zero emission by 2050, Nikkei learned on Thursday, a move that could nudge other manufacturers to try to meet Prime Minister Yoshihide Suga's pledge to achieve carbon neutrality across the country by the same year.
Nippon Steel, Japan's biggest steelmaker, will introduce a new way of steelmaking using hydrogen which can reduce carbon emissions by up to 80% compared with conventional methods of production. The steelmaker's new green target will be unveiled in a business plan it is currently drafting which will be published by March 2021.
