S03E01 - NetZero - Green Steel: Interview with Felix Schmitz, the CEO of Klöckner Metals in Germany
Summary
In this conversation, Daniel interviews Felix Schmitz, the CEO of Klöckner Metals in Germany, about green steel and the decarbonisation of the steel industry. They discuss the importance of steel in various industries, the environmental impact of steel production, and Klöckner Metals' strategic approach to sustainability. Felix shares his background, role at Klöckner Metals, and personal interests and affiliations. They also delve into the role of a steel and metal distributor, their value-added services, and the significance of technology in the steel industry. The conversation concludes with a discussion on the carbon footprint of steel, the journey towards green steel, and the potential for decarbonisation technologies to transform the industry. In this conversation, Felix Schmitz, CEO of Klöckner Metals in Germany, discusses the potential of green steel and the demand for decarbonised products. He emphasises the importance of educating customers about the benefits of green steel and dispels the misconception that it is more expensive. Schmitz highlights the need for steel purchasers to understand the business model and the potential cost savings of green steel. He also discusses the role of CEOs in driving decarbonisation and the importance of setting CO2 targets. The conversation concludes with a discussion on government subsidies for green steel and the need for common standards in the industry.
Takeaways
Steel production significantly contributes to greenhouse gas emissions, making decarbonisation efforts crucial for the industry.
The role of a steel and metal distributor involves managing complexity and providing value-added services to customers.
Green steel is a term for steel produced with reduced carbon emissions, and different decarbonisation levels can be achieved.
The steel industry's decarbonisation requires a mix of technologies, and the journey towards green steel is an ongoing process. Green steel has the potential to reduce the industry's carbon footprint significantly.
Educating customers about the benefits of green steel is crucial for driving demand.
Contrary to popular belief, green steel does not necessarily come at a higher cost.
CEOs play a vital role in driving decarbonisation efforts and setting CO2 targets.
