Accelerating Value Chain Decarbonization for Corporate Growth Perspectives from Asia 2025

Shougang Group: low-carbon steel for upstream partners and automotive clients BOX 4 PETRONAS: designing low-carbon products to unlock new revenue BOX 5Shougang expands market with green steel product line. By launching an independent “green steel” product line, Shougang Group has successfully carved out new growth space. It pioneered the establishment of corporate standards for green low-carbon steel and created a corresponding certification and premium pricing system. This strategy transforms its low-carbon steel into a clearly differentiated, tradable product that not only meets the rigid emission reduction demands of automotive clients but also enables Shougang to enter a high-value market segment driven by environmental policies. Ultimately, this converts their low-carbon technological advantages into new revenue streams. Source: Shougang Group. (2025, 8 September). Shougang officially released its green and low-carbon trademark, enterprise standards and pricing system for low-carbon automotive steel. https://www.shougang.com.cn/m1/ sgyw/20250908/13368.html. PETRONAS actively advances low-carbon transformation at the product design level, launching bio-based chemicals, CO2 utilization products, low-carbon hydrogen/ammonia and low-carbon fuels. By using low-carbon raw materials and processes, it reduces the life cycle carbon intensity of its products. Long-term offtake agreements with downstream partners stabilize market demand, further unlocking new revenue streams. This strategy supports net-zero goals while opening new sustainable business opportunities. Source: PETRONAS. (2024). Integrated report 2024. https://www.petronas.com/integrated-report-2024/assets/pdf/2024/ PETRONAS-Integrated-Report-2024.pdf. Accelerating Value Chain Decarbonization for Corporate Growth: Perspectives from Asia 15