The Solar Quarter has reported that Conclave on Transitioning Towards Green Steel organized by the Minerals & Metals Committee of PHD Chamber of Commerce and Industry on 4 February 2023 has highlighted that with Kalyani Steels becoming the first Green Steel producer of India, all major Indian steel manufacturers are now beginning to transition towards Green Steel but want cheap supplies of Green Power and Green Hydrogen to make the transition financially viable. Ministry of Steel’s Director Ms Neha Verma in her address stressed that considering the rate of growth of Indian economy, demand & production of steel will increase in India but so will emissions. She said “Indian Steel production capacity is likely to increase to 300 million tonnes per year from existing capacity of 155 million ton per year by 2030 and to around 500 million tonnes per year by 2047. Hence the Government of India is now emphasizing on Green growth, which has also been the highlight of the recently presented Budget.” She appealed to the Industry to invest more in R & D and use innovative technologies rather than only relying on capital intensive technologies like Green Hydrogen, which may take years to become feasible. Ms Verma enumerated 5 ways for decarbonizing the steel sector1. Energy Efficiency2. Use of Renewable Energy3. Input Material efficiency4. Use of Green Hydrogen5. Carbon Capture & Storage. She appealed to the Industry to invest more in R & D and use innovative technologies rather than only relying on capital intensive technologies like Green Hydrogen, which may take years to become feasible. Kalyani Steels MD Mr R K Goyal explained the success story of his company as India’s first Green Steel producer. He advised steel manufacturers to analyze the emission generation at each stage of the steel manufacturing process and try to reduce it. He informed that 55% of the total steel produced in India was through Electric Arc Furnace & Induction Furnace route, which can be easily decarbonized by using Green Energy or Green Hydrogen.
The Solar Quarter has reported that Conclave on Transitioning Towards Green Steel organized by the Minerals & Metals Committee of PHD Chamber of Commerce and Industry on 4 February 2023 has highlighted that with Kalyani Steels becoming the first Green Steel producer of India, all major Indian steel manufacturers are now beginning to transition towards Green Steel but want cheap supplies of Green Power and Green Hydrogen to make the transition financially viable. Ministry of Steel’s Director Ms Neha Verma in her address stressed that considering the rate of growth of Indian economy, demand & production of steel will increase in India but so will emissions. She said “Indian Steel production capacity is likely to increase to 300 million tonnes per year from existing capacity of 155 million ton per year by 2030 and to around 500 million tonnes per year by 2047. Hence the Government of India is now emphasizing on Green growth, which has also been the highlight of the recently presented Budget.” She appealed to the Industry to invest more in R & D and use innovative technologies rather than only relying on capital intensive technologies like Green Hydrogen, which may take years to become feasible. Ms Verma enumerated 5 ways for decarbonizing the steel sector1. Energy Efficiency2. Use of Renewable Energy3. Input Material efficiency4. Use of Green Hydrogen5. Carbon Capture & Storage. She appealed to the Industry to invest more in R & D and use innovative technologies rather than only relying on capital intensive technologies like Green Hydrogen, which may take years to become feasible. Kalyani Steels MD Mr R K Goyal explained the success story of his company as India’s first Green Steel producer. He advised steel manufacturers to analyze the emission generation at each stage of the steel manufacturing process and try to reduce it. He informed that 55% of the total steel produced in India was through Electric Arc Furnace & Induction Furnace route, which can be easily decarbonized by using Green Energy or Green Hydrogen.
