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The UK-based IT solutions firm CarbonChain and the international distributor of materials and services, Thyssenkrupp Materials Services, have launched a cooperation. The companies plan to use a new carbon emission tracking technology to encourage the purchase of metals.
Thyssenkrupp is increasing the amount of information it has on the carbon footprint of its goods by using the CarbonChain programme. Customers and suppliers of the distribution divisions of Materials Eastern Europe and Materials Western Europe of Thyssenkrupp Materials Services will receive an innovative carbon emission tracking tool as part of this effort.
According to CarbonChain, the companies’ cooperation aims to strengthen industry standards for emissions transparency and data quality. This will make it possible to obtain more accurate carbon intensity indicators faster. The tool will use asset-specific emission factors and activity-based methods instead of relying on global averages. This will allow customers looking for low-carbon materials to identify, compare and select them easily.
CarbonChain’s comprehensive steel emissions database will be expanded with primary data from Thyssenkrupp Materials Services suppliers covering steel, stainless steel, aluminium and other metals.
Carbon footprint reports for Thyssenkrupp Materials Services products will be made available on request at the time of quotation or delivery. They will contain a detailed breakdown of emissions by life cycle stage and source, covering all greenhouse gas emissions from the point of origin to the customer.
CarbonChain empowers companies to make climate-conscious decisions to accelerate the transition to a zero-emission economy. The AI-powered carbon accounting platform automates carbon tracking with accurate, granular asset-level data for carbon-intensive supply chains, including metals, mining and manufacturing.
As GMK Center reported earlier, Thyssenkrupp is preparing a tender to purchase up to 151 ktpa of renewable and low-carbon hydrogen under 10-year contracts for expected volumes starting in 2028 for its Duisburg steel plant.
Also Read : Low Carbon secures funds to start constructing UK solar & battery portfolio Europe needs €406 bn annually for climate goals by 2030
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