Metal Exchange and Pennex adopt CarbonChain for accurate carbon accounting in U.S. metals industry

CarbonChain is excited to announce a new partnership with Metal Exchange and Pennex, both subsidiaries of MX Holdings, underscoring their commitment to a sustainable, carbon-transparent aluminum industry.

Quantifying carbon for data-led decisions

Pennex, a leading U.S. aluminum extruder, and Metal Exchange, a global non-ferrous supply chain and recycling solutions provider, are both integral to various industries including automotive, construction, machinery, transportation, and medical.

By tracking their carbon emissions on CarbonChain's platform, they will get a quantified picture of their corporate carbon footprint using a verified methodology, aligned with the Greenhouse Gas Protocol. This will establish a baseline for future improvements and for product carbon footprinting (PCF) – a growing demand from Original Equipment Manufacturers (OEMs).

Future-proofing business for the net-zero transition

In today's metals and manufacturing market, sustainable production is becoming a necessity, particularly in sectors like aerospace and automotive. Carbon reporting rules are increasingly stringent, requiring data collection across the supply chain, while the rise of carbon border taxes is already shaking up global trade.

Over time, MX Holding’s subsidiaries aim to establish the carbon performance of their solutions — to demonstrate their commitment to a lower-carbon future, but also to support their customers and partners in their own sustainability initiatives.‍

About MX Holdings, Metal Exchange and Pennex

The MX Holdings family of companies provides innovative and advanced solutions, throughout the aluminum lifecycle. From supply chain management and recycling to casting, extrusion and fabrication, subsidiaries Metal Exchange and Pennex work together to leverage their breadth of expertise in providing unmatched value to their customers. The MX Holdings global headquarters is located in St. Louis, MO, with twelve additional offices and manufacturing facilities globally. Please visit mxholdings.com to learn more.

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About CarbonChain

CarbonChain empowers companies to take control of their net-zero transition. Its carbon accounting platform automates emissions tracking and reporting with accurate, asset-level data for carbon-intensive supply chains. CarbonChain uses a validated and verified methodology, is a CDP-accredited solutions provider and a proud member of ResponsibleSteel, Aluminium Stewardship Initiative, Minor Metals Trade Association and the Aluminium Federation.