+
Steel industry to work in a time-bound action plan to reduce emissions
Steel

Steel industry to work in a time-bound action plan to reduce emissions

To reduce emissions from the steel sector, a high-level meeting was held at Shimla.

Ramchandra Prasad Singh, the union minister for steel, presided over the parliamentary consultative committee. The panellists discussed various aspects of steel manufacturing emissions and roadblocks to meeting the Green steel aim.

The Chairman urged the steel industry to work together to produce a time-bound action plan to reduce emissions. He urged all parties involved to work together to reduce emissions from the steel industry.

India has pledged to reduce carbon emissions at COP26. The chairman also emphasised the importance of promoting Atmanirbhar Bharat.

The meeting's theme, Transition to Green Steel, was thoroughly addressed, and recommendations from many attendees were taken into consideration.

Top officials from the Ministry of Steel, including senior officials and specialists from the steel sector, suggested useful recommendations for the transition to Green Steel. The benefits and cons of various strategies and technologies that the steel industry can use to make green steel, as well as their Technology Readiness Levels (TRLs) and when they will be commercially accessible, were discussed.

The debate focused on the prospects for using Green Hydrogen in the production of iron, as well as the utilisation of CCUS technologies to reduce emissions in line with COP26 pledges.

Government interventions are needed to address the difficulties and constraints, as well as the path forward for generating Green Steel.

Because the usage of fossil fuel-based energy and the reduction process are strongly integrated into steel manufacturing, the iron and steel sector faces unique challenges in reducing CO2 emissions.

The use of coal-based energy sources as a reluctance in the Indian iron and steel sector results in higher emissions.

As per the COP26 commitments, the Indian steel industry must drastically reduce its emissions, and the pressure to do so is increasing every day.

Image Source

Also read: India exports 13.5 mt finished steel worth Rs 1 lakh cr in FY22

To reduce emissions from the steel sector, a high-level meeting was held at Shimla. Ramchandra Prasad Singh, the union minister for steel, presided over the parliamentary consultative committee. The panellists discussed various aspects of steel manufacturing emissions and roadblocks to meeting the Green steel aim. The Chairman urged the steel industry to work together to produce a time-bound action plan to reduce emissions. He urged all parties involved to work together to reduce emissions from the steel industry. India has pledged to reduce carbon emissions at COP26. The chairman also emphasised the importance of promoting Atmanirbhar Bharat. The meeting's theme, Transition to Green Steel, was thoroughly addressed, and recommendations from many attendees were taken into consideration. Top officials from the Ministry of Steel, including senior officials and specialists from the steel sector, suggested useful recommendations for the transition to Green Steel. The benefits and cons of various strategies and technologies that the steel industry can use to make green steel, as well as their Technology Readiness Levels (TRLs) and when they will be commercially accessible, were discussed. The debate focused on the prospects for using Green Hydrogen in the production of iron, as well as the utilisation of CCUS technologies to reduce emissions in line with COP26 pledges. Government interventions are needed to address the difficulties and constraints, as well as the path forward for generating Green Steel. Because the usage of fossil fuel-based energy and the reduction process are strongly integrated into steel manufacturing, the iron and steel sector faces unique challenges in reducing CO2 emissions. The use of coal-based energy sources as a reluctance in the Indian iron and steel sector results in higher emissions. As per the COP26 commitments, the Indian steel industry must drastically reduce its emissions, and the pressure to do so is increasing every day. Image Source Also read: India exports 13.5 mt finished steel worth Rs 1 lakh cr in FY22

Related Stories

Gold Stories

Next Story
Real Estate

Prestige Estate Launches Rs 13.3 bn Residential Project in North Chennai

Prestige Estate Projects Limited has launched Prestige Palm Court, a residential development at Madhavaram in North Chennai, located on the Grand Northern Trunk Road. The project occupies seven point nine eight acres and is valued at Rs 13.3 bn, comprising 910 premium apartments across five towers with ground plus 22 floors and two basement levels for each tower. The development offers one, two and three BHK unit types with saleable areas ranging from 641 sq ft to 1,827 sq ft. The complete saleable area of the development is one point three eight million square feet (mn sq ft). As part of its ..

Next Story
Infrastructure Urban

Gaurs Group Buys 35-Acre Land Along Yamuna Expressway

Gaurs Group has acquired 35-acre land parcels along the Yamuna Expressway from ICICI Bank for around Rs 7 bn to develop residential projects as part of an expansion plan. The company purchased three land parcels in Sector 18 at an open auction and the largest plot measures 24 acres. The acquisition was reported to be on an as-is, where-is basis with the developer confirming it would settle outstanding dues including external development charges and farmer compensation. The group plans to use the 24-acre site as the primary location for a new launch and intends to roll out three to four housing..

Next Story
Infrastructure Urban

TIAA Global Capabilities Leases 255,713 Square Feet In Pune

TIAA Global Capabilities has leased 255,713 square feet (0.256 million square feet; 0.256 mn) at Panchshil Vantage in Wagholi, Pune, on a 10-year contract. The contractual rent over the term is Rs 320 crore (Rs 3.2 billion; Rs 3.2 bn) for the leased premises, the lease being recorded with P-one Infrastructure for the purpose of carrying out company operations. The move reflects an expansion of the firm's footprint in the city as it consolidates delivery and technology functions. The lease is set at Rs 92 per square foot per month, implying an initial monthly rent of about Rs 2.35 crore (Rs 23...

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code