JSW Steel’s Chairman Mr Sajjan Jindal in an update to stakeholders in Annual Report said that the company also aims to reduce carbon emissions intensity by 42% by 2030 and has earmarked INR 10,000 crore to reduce carbon emissions over the next few years to decarbonize, the initiatives include shifting to solar power for energy and increase the usage of scrap in the steelmaking operations. Mr Jindal wrote “As an industry leader, JSW Steel understands its responsibility to contribute towards creating a cleaner and sustainable planet for the future. The Company has developed a climate action plan to improve its carbon emission intensity beyond India's Nationally Determined Contributions and achieve more than 42% reduction by 2030 from the base year of 2005.”JSW Steel aims to achieve this through:1. Improvement of input raw material quality through beneficiation2. Increased use of renewable energy and scrap3. Reducing coke in Blast Furnaces by increasing Pulverized Coal Injection & Natural Gas use4. Energy efficiency and process efficiency improvements through best available technologies5. Continue efforts and collaborations towards development of deep decarbonization technologiesJSW Steel has an operating Carbon Capture Utilization plant at Salav facility, which is capturing carbon from the exhaust gases generated by sponge iron operations, treating and converting it to approximately 100 TPD CO2 (99.5% purity) and which is being used in the food and beverage industry for use.Mr Jindal said “With a view to relook at the energy minimization and ensure energy efficient business processes. JSW Steel has been steadily transitioning to cleaner energy. The Company had set a target of consuming around “1.000 MW of renewable energy by 2030 and it has progressed steadily towards achieving the same. JSW Steel has entered into a solar and wind power purchase agreement through SPVs set up by JSW Energy Limited. JSW Steel will acquire 26% stake in such SPVs. which will set up renewable power facilities with an aggregate capacity of 958 MW of which 225 MW was commissioned in April 2022.”
JSW Steel’s Chairman Mr Sajjan Jindal in an update to stakeholders in Annual Report said that the company also aims to reduce carbon emissions intensity by 42% by 2030 and has earmarked INR 10,000 crore to reduce carbon emissions over the next few years to decarbonize, the initiatives include shifting to solar power for energy and increase the usage of scrap in the steelmaking operations. Mr Jindal wrote “As an industry leader, JSW Steel understands its responsibility to contribute towards creating a cleaner and sustainable planet for the future. The Company has developed a climate action plan to improve its carbon emission intensity beyond India's Nationally Determined Contributions and achieve more than 42% reduction by 2030 from the base year of 2005.”JSW Steel aims to achieve this through:1. Improvement of input raw material quality through beneficiation2. Increased use of renewable energy and scrap3. Reducing coke in Blast Furnaces by increasing Pulverized Coal Injection & Natural Gas use4. Energy efficiency and process efficiency improvements through best available technologies5. Continue efforts and collaborations towards development of deep decarbonization technologiesJSW Steel has an operating Carbon Capture Utilization plant at Salav facility, which is capturing carbon from the exhaust gases generated by sponge iron operations, treating and converting it to approximately 100 TPD CO2 (99.5% purity) and which is being used in the food and beverage industry for use.Mr Jindal said “With a view to relook at the energy minimization and ensure energy efficient business processes. JSW Steel has been steadily transitioning to cleaner energy. The Company had set a target of consuming around “1.000 MW of renewable energy by 2030 and it has progressed steadily towards achieving the same. JSW Steel has entered into a solar and wind power purchase agreement through SPVs set up by JSW Energy Limited. JSW Steel will acquire 26% stake in such SPVs. which will set up renewable power facilities with an aggregate capacity of 958 MW of which 225 MW was commissioned in April 2022.”
