Steel Ministry is working on the country’s first-ever Green Steel Mission
Steel

Steel Ministry is working on the country’s first-ever Green Steel Mission

The Union Ministry of Steel is working on the country’s first-ever Green Steel Mission, even as it attempts to define these new metal offerings that may be manufactured using low-carbon energy sources or have low-embedded carbon emissions.

Parallelly, as part of the National Green Hydrogen Mission, three pilot projects that will use hydrogen for steel production have been approved with a financial support of Rs.3.47 billion and by the year end, the Green Steel Mission should be ready.

Green steel has no universally accepted criteria but implies a metal made from low carbon energy sources like renewable energy or electric arc furnaces. Experts said that the ministry should define green steel in 'percentage terms' based on a steel plant’s emission intensity. The benchmark emission set by the ministry is 2.2 tonne of carbon dioxide emitted per tonne of crude steel produced.

Recently, Simplex Castings said that its 40 TPD plant is estimated to cost  Rs. 2.3 billion and that it will serve as a model for sustainable steel production, supporting India’s transition to a green economy.

The Union Ministry of Steel is working on the country’s first-ever Green Steel Mission, even as it attempts to define these new metal offerings that may be manufactured using low-carbon energy sources or have low-embedded carbon emissions. Parallelly, as part of the National Green Hydrogen Mission, three pilot projects that will use hydrogen for steel production have been approved with a financial support of Rs.3.47 billion and by the year end, the Green Steel Mission should be ready. Green steel has no universally accepted criteria but implies a metal made from low carbon energy sources like renewable energy or electric arc furnaces. Experts said that the ministry should define green steel in 'percentage terms' based on a steel plant’s emission intensity. The benchmark emission set by the ministry is 2.2 tonne of carbon dioxide emitted per tonne of crude steel produced. Recently, Simplex Castings said that its 40 TPD plant is estimated to cost  Rs. 2.3 billion and that it will serve as a model for sustainable steel production, supporting India’s transition to a green economy.

Next Story
Real Estate

Mahindra Lifespaces Bags Rs 12.5 billion Redevelopment in Mulund

Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has been appointed as the preferred developer for the redevelopment of a premium housing society in Mulund (West), Mumbai. The project will be developed across a 3.08-acre land parcel, with an estimated development value of approximately Rs 12.5 billion. Strategically located, the site enjoys proximity to major connectivity points—just 1.4 km from the upcoming Mumbai Metro Line 5 and 0.8 km from the Goregaon-Mulund Link Road. It also offers seamless access to the Eastern Expre..

Next Story
Infrastructure Urban

Snowman Adds Warehouses in Kolkata and Krishnapatnam

Snowman Logistics, India’s leading integrated temperature-controlled logistics company, has announced the commencement of operations at its two new state-of-the-art, owned cold storage facilities in Kolkata and Krishnapatnam. With these additions, the company’s total pallet capacity has reached 1,50,754, spanning 43 warehouses in 20 cities across the country. The newly operational Kolkata facility offers a storage capacity of 5,630 pallets, while the Krishnapatnam facility holds 3,927 pallets. These warehouses are equipped with advanced automation and infrastructure designed to enhanc..

Next Story
Resources

Noesis Enables IHCL Hotel Deal in Udupi–Manipal Corridor

NOESIS Capital Advisors, India’s leading hotel investment advisory firm, has successfully facilitated a landmark hospitality transaction in the Udupi–Manipal region of Karnataka. The deal involves the acquisition of a nearly completed, 130-key upscale hotel that will operate under one of the premium brands of IHCL, reinforcing NOESIS’ position as a preferred partner for strategic hospitality transactions across India. Strategically located on the Udupi–Manipal Highway, the 1.03-acre property will cater to business travellers, pilgrims and families visiting Manipal University. With..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?