VNG H&V is a Founding Member of H2Global
As part of the group's VNG 2030+ strategy, VNG Handel & Vertrieb GmbH (VNG H&V) is investigating the potential for adding hydrogen to their sales and trading portfolio and is involved in developing hydrogen as a possible source of energy for the future, particularly as an alternative to coal-based and fossil fuels. The company sees itself in a future role as a distributor and provider of hydrogen and intends to actively shape and support the creation of a viable H2 market.
Sustainability at VNG H&V above industry average
EcoVadis offers industry-specific sustainability ratings as well as a platform for suppliers and their customers. Large industrial users of gas, in particular, are increasingly taking supplier sustainability into account when selecting business partners. VNG Handel & Vertrieb (VNG H&V), a wholly-owned subsidiary of VNG AG headquartered in Leipzig, therefore underwent a sustainability assessment for the first time in May 2020 and was awarded bronze at the first attempt. The company's result is above the industry average.
ArcelorMittal Eisenhüttenstadt and VNG cooperate on blast furnace conversion
ArcelorMittal and the natural gas supplier VNG Handel & Vertrieb will cooperate with each other in the future to make the production of steel products at the Eisenhüttenstadt location more sustainable. As the world's largest steel and mining company in Europe, ArcelorMittal aims to cut CO2 emissions by 30 percent by 2030 and produce in a climate-neutral manner by 2050. In this context, ArcelorMittal Eisenhüttenstadt is initially planning to reduce CO2 emissions in steel production from 2021 by converting the blast furnace by around five percent per year. In the future, natural gas will be used in the blast furnace to reduce the need for coal, which, in addition to lowering CO2 emissions, also contributes to lower energy costs. The refitting of the furnace should be completed by mid-2021, the costs for these investments amount to around four million euros.