SteelAsia Manufacturing Corp. has obtained a P1.25 billion green loan from Cathay United Bank to expand its low-carbon steel production. The company uses Electric Arc Furnace technology, which relies on scrap recycling and renewable energy to lower emissions. This financing supports the expansion of green steel facilities in Batangas, Quezon, and Tarlac. SteelAsia aims to reduce carbon emissions by up to seven million tons annually by replicating its low-emission production model across new plants.
