The world's second-largest steel producer ArcelorMittal announced its goal of reducing 10% CO2 emissions by 2030 in Brazil.

According to the president of the company in Brazil, Benjamin Baptista Filho, the initiative arose in response to the demand of governments, society, and steel consumers around the world to achieve the objectives of the Paris Agreement.

However, this goal is more modest than the announcement for its operations in Europe, where the company has committed to reducing CO2 emissions by 30% in the same period. Globally, the company expected to achieve net-zero carbon emissions by 2050.

In addition, the company is studying technological alternatives capable of converting CO2 into bioethanol for consumption and use in the chemical industry.