Tata Steel has signed an agreement with Australian BHP mining and metal companies to jointly study and explore the technology of manufacturing iron and making low carbon steel, the Indian steel maker said in a statement.
Under the partnership, Tata Steel and BHP plans to reduce the intensity of emissions through the use of biomass as an energy source and the application of carbon capture and utilization in steel production. This partnership aims to support India’s ambitions to become neutral carbon in 2070. This technology has the potential to reduce the intensity of integrated steel factory emissions by 30 percent.
“These projects show how the reduction is applied to the process of making blast iron, which contributes to more than 60 percent of Indian steel production, materially can reduce the intensity of the carbon of the existing capacity,” the company said in a statement.
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Apart from this, Tata Steel and BHP will explore collaboration, ecosystems, and further business opportunities in the steel value chain and the research and renovation sector in India and Australia.
Tata Steel has carried out various initiatives of carbon neutrality. This has an agreement with the Indian Shell Market to evaluate and develop short -term and long -term options to improve energy efficiency and optimize demand around carbon intensive products and services.
Tata Steel and the Scientific & Industrial Research Council collaborate in the capture and utilization of carbon, opening doors for joint development of advanced technology with 38 CSIR laboratories.
The Indian steel industry has reduced energy consumption and carbon emissions substantially by adopting appropriate technology in the modernization and expansion project. The average CO2 emission intensity of the Indian steel industry has been reduced from around 3.1 tons/ton of raw steel (T/TCS) in 2005 to 2.6 T/TCS in 2020, according to the PIB report dated February 2, 2022.
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