JSW Steel partners with SMS to cut carbon emissions, to invest Rs 100bn
JSW Steel has partnered with German-based engineering and technology company SMS group to reduce carbon emissions in its iron and steelmaking operations in India.
The Indian steelmaker also announced an investment of INR 10,000 crores to cut carbon emissions from its steel operations, as part of its efforts to reduce GHG emissions by 42% to less than 1.95 tonnes of CO2 per tonne of crude steel (tcs) by 2030.
As part of the collaboration, JSW Steel and SMS group will explore several advanced solutions and research and development (R&D) projects for the production of green steel.
The partnership will be aimed at identifying solutions to carry out decarbonization projects across various JSW Steel plants in India.
JSW Steel partners with SMS to cut carbon emissions, to invest Rs 100bn. Photo courtesy of Deshi Heero/Wikimedia Commons.
Sajjan Jindal — JSW Steel Chairman and MD 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.”
With its expertise and experience in metallurgy, industrial processes and digitalization, SMS will provide its technology experts design, engineering consultancy and commissioning to execute the projects.
On the other hand, JSW Steel will deliver raw materials, consumables and manpower to support SMS in exploring solutions for decarbonization projects.
Burkhard Dahmen — SMS group Chairman of the Managing Board and CEO said: “Our knowhow and experience in metallurgy combined with our digital expertise and plant technology consultancy enable SMS group and JSW Steel to create a greener metals industry.”