Indian Steel Industry's Green Odyssey: Decarbonization Strategies

India
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Synopsis:

The Indian steel sector charts a roadmap for decarbonization, emphasizing short-term goals through energy efficiency and renewable energy. Plans for medium and long terms include Green Hydrogen steelmaking and Carbon Capture, Utilisation, and Storage. Government initiatives, including task forces, scrap recycling policies, and green energy missions, underscore commitment. The sector aligns with global best practices and alternative technologies to transition to a net-zero future.

Article:

In a bid to decarbonize India's steel sector by 2030, the focus is on reducing carbon emissions through energy efficiency, resource optimization, and increased use of renewable energy. The immediate strategy aims to promote sustainability, laying the groundwork for a greener steel industry. As the country progresses towards 2030-2047, the focus shifts to innovative approaches like Green Hydrogen-based steelmaking and Carbon Capture, Utilisation, and Storage.

Task Forces for Comprehensive Deliberation: Thirteen task forces, involving industry, academia, think tanks, and various stakeholders, deliberate and recommend strategies for different facets of steel sector decarbonization.

Steel Scrap Recycling Policy: The 2019 policy enhances the availability of domestically generated scrap, reducing coal consumption in steel production.

National Green Hydrogen Mission: Launched by the Ministry of New and Renewable Energy (MNRE), this mission focuses on green hydrogen production, making the steel sector a key stakeholder.

Vehicle Scrapping Policy: Envisioned to increase scrap availability, it directly impacts the steel sector's resource pool.

National Solar Mission: Initiated in 2010, it promotes solar energy, contributing to reduced emissions in the steel industry.

Perform, Achieve and Trade (PAT) Scheme: Under the National Mission for Enhanced Energy Efficiency, this scheme incentivizes the steel industry to cut energy consumption.

Best Available Technologies (BAT): The sector adopts globally recognized BAT in modernization and expansion projects.

Japan's NEDO Model Projects: Implementing energy efficiency improvements, these projects enhance sustainability in steel plants.

Conclusion:

The Indian steel industry's journey toward decarbonization involves a multi-faceted approach, blending immediate actions with long-term vision. Governmental initiatives and industry collaboration underscore the commitment to sustainable steel production. As India aligns with global best practices and embraces innovative technologies, the sector stands poised for a transformative shift towards a net-zero future.

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