Steel pipes with reduced CO2 impact for the latest Subsea7 award.
PRESS RELEASE
Athens, May 13, 2024
Cenergy Holdings announces a new contract for Corinth Pipeworks, its steel pipe segment, for steel pipes with CO2 reduction certificates. Subsea7, one of its long-term customers, opted to take advantage of Corinth’s innovative pipeline solutions in collaboration with leading steel manufacturer ArcelorMittal.
The company will manufacture and supply steel pipes for an offshore project in the North Sea using ArcelorMittal's hot-rolled coils with XCarb® certifications. Specifically, 39km of 16-inch High-Frequency Welded steel pipes will be produced for subsea Pipe-In-Pipe application.
Corinth Pipeworks and ArcelorMittal signed an agreement to reduce the carbon footprint of steel pipes produced using reduced CO2 steel certificates, in order to support its customers in reducing their indirect emissions.
XCarb® is ArcelorMittal’s range of flexible, low-carbon emissions steel solutions based on decarbonisation projects that are already being implemented today. XCarb® certificates and recycled and renewably produced steels enable customers to reduce their scope 3 emissions, reinforcing their commitment to a low-carbon, circular economy.
(Learn more:https://corporate.arcelormittal.com/climate-action/xcarb).
Ilias Bekiros, General Manager of Corinth Pipeworks, commented: “Collaborations that assist our efforts to reduce carbon emissions are critical for the route to a sustainable future for all. Steel has a significant contribution to the environmental footprint of our products, so collaborating with established companies sharing the same values with us, is key to advancing our progress in sustainable solutions.”
About Subsea 7
Subsea7 is a global leader in the delivery of offshore projects and services for the evolving energy industry, creating sustainable value by being the industry’s partner and employer of choice in delivering the efficient offshore solutions the world needs. For more information, please visit www.subsea7.com.
About ArcelorMittal Europe Flat Products
ArcelorMittal is the world’s leading steel company. In Europe, with its Flat Products business is the largest producer of hot and cold rolled coils, coated products, tinplate, plate and hot dip galvanized products, and enamelled and electrical steels. Our goal is to help build a better world with smarter steels. Steels made using innovative processes which are more efficient, use less energy, and emit significantly less carbon. For more information, please visit https://europe.arcelormittal.com/aboutarcelormittaleurope/who/contactsflat
About Cenergy Holdings
Cenergy Holdings is a Belgian holding company listed on both Euronext Brussels and Athens Stock Exchange, investing in leading industrial companies, focusing on the growing global demand of energy transfer, renewables and data transmission. The Cenergy Holdings portfolio consists of Corinth Pipeworks and Hellenic Cables, companies positioned at the forefront of their respective high growth sectors. Hellenic Cables is one of the largest cable producers in Europe, manufacturing power and telecom cables as well as submarine cables. Corinth Pipeworks is a world leader in steel pipe manufacturing for the energy sector and major producer of steel hollow sections for the construction sector. For more information, please visit our website at www.cenergyholdings.com.