Himachal Pradesh’s Mandi district based Indian Institute of Technology Mandi has signed a Memorandum of Understanding with Jammu & Kashmir-based Green Trek to set up a steel recycling plant that uses green technology. Green Trek will use green technology to convert waste from steel mills into useable products. The technology will use no electricity and will avail less energy. The pollution-free process will use clean combustion technique to process steel mill waste into a metal with high iron content, which could then be used by various industries such as ship building as well as oil, gas and power plants.Green Trek is founded by Mr Satinder Nath Gupta and his son Mr Sandeep Gupta. Green Teck is in the process of developing a circular economy model by utilizing extractive metallurgy. The method uses less energy, uses no electricity or furnace and is 100% pollution-free, and emitting minimal greenhouse gases. The end product is a molten metal with an iron content of 99.6%, which is then mixed with other metals to make various kinds of high-value steel and alloy castings used in a range of industries,” A MoU has already been signed to set up a permanent plant in Himachal Pradesh, which will supply high iron content molten metal to leading companies including Ultratech, ACC and Ambuja Cement. The company is looking forward to necessary government approvals and licenses to go ahead with the construction of the plant.