India’s leading steel maker JSW Steel has forged collaboration with German engineering and technology company SMS group to explore multiple cutting-edge solutions and R&D projects to reduce carbon emission in its iron and steelmaking operations in India. The collaboration will enable the companies to explore opportunities together to reduce carbon emissions and produce green steel in one of the hard-to-abate sectors. JSW Steel Chairman & MD Mr Sajjan Jindal said "While the steel Industry accounts for 0.7% of the world's economic output, the industry also contributes 7% towards global emissions. We need a new transformative approach focused on green steel vision. With our technology partner SMS group, we are on our way to turning metals green in the world. We are also committed to build and continually upgrade all our plants with latest available technologies to ensure safe, secure and healthy future for all our stakeholders/ communities. Achieving net zero in steel industry will require major upgrades and capital investments at the steel mills and the initiative will have to be taken at the industry as well as policy level.”To achieve the task of Decarbonisation at various JSW Steel plants, the SMS group will use their expertise and experience in metallurgy, industrial processes and digitalization, shall provide its technology experts design, engineering consultancy and commissioning for executing various projects.JSW Steel shall make available at its plants all the support to SMS group like raw materials, consumables and manpower for exploring solutions for implementation of general Decarbonisation projects.JSW Steel is India's leading and one of the world's most efficient integrated steelmakers and is investing INR 10,000 crores to reduce carbon emissions from steel manufacturing, it targets to bring down GHG emissions by 42% from the base year 2005 levels to less than 1.95 tonnes of C02 per tonne of crude steel by 2030. JSW Steel will focus on replacing thermal power with renewable power, higher usage of steel scrap in its operations, and increasing the beneficiation of low and medium-grade iron ore.
India’s leading steel maker JSW Steel has forged collaboration with German engineering and technology company SMS group to explore multiple cutting-edge solutions and R&D projects to reduce carbon emission in its iron and steelmaking operations in India. The collaboration will enable the companies to explore opportunities together to reduce carbon emissions and produce green steel in one of the hard-to-abate sectors. JSW Steel Chairman & MD Mr Sajjan Jindal said "While the steel Industry accounts for 0.7% of the world's economic output, the industry also contributes 7% towards global emissions. We need a new transformative approach focused on green steel vision. With our technology partner SMS group, we are on our way to turning metals green in the world. We are also committed to build and continually upgrade all our plants with latest available technologies to ensure safe, secure and healthy future for all our stakeholders/ communities. Achieving net zero in steel industry will require major upgrades and capital investments at the steel mills and the initiative will have to be taken at the industry as well as policy level.”To achieve the task of Decarbonisation at various JSW Steel plants, the SMS group will use their expertise and experience in metallurgy, industrial processes and digitalization, shall provide its technology experts design, engineering consultancy and commissioning for executing various projects.JSW Steel shall make available at its plants all the support to SMS group like raw materials, consumables and manpower for exploring solutions for implementation of general Decarbonisation projects.JSW Steel is India's leading and one of the world's most efficient integrated steelmakers and is investing INR 10,000 crores to reduce carbon emissions from steel manufacturing, it targets to bring down GHG emissions by 42% from the base year 2005 levels to less than 1.95 tonnes of C02 per tonne of crude steel by 2030. JSW Steel will focus on replacing thermal power with renewable power, higher usage of steel scrap in its operations, and increasing the beneficiation of low and medium-grade iron ore.
