Steel Minister Jyotiraditya Scindia stated on December 20 that India is trying to become a responsible steel manufacturer by encouraging the manufacturing of "green steel" in the nation.
Green steel is created by producing steel without using fossil fuels. This novel phenomenon involves producing steel utilizing low-carbon energy sources instead of the conventional, carbon-intensive manufacturing process that involves coal-fired facilities, such as electricity, hydrogen, or coal gasification.
The Union Minister stated that the government is considering requiring the use of "green steel" in government projects in order to encourage the production of green steel in India. The Union Minister added that the government is also in talks with steel manufacturing companies to allocate a portion of their production to green steel.
"Steel is an essential component of any developing or expanding economy. As our goals rise, the development will look for fresher perspectives. Therefore, in addition to being the second-largest steel producer in the world, the nation also needs to make steel responsibly, the minister said in a speech at the New Delhi launch of Saarloha Kalyani FeRRESTA, India's first green steel brand.
Green Steel India’s Next Big Step
Under the name Kalyani FeRRESTA, Saarloha Advanced Materials, a Kalyani group firm, introduced green steel. Amit Kalyani, Deputy Managing Director, Bharat Forge stated, "We would strive to manufacture 50,000 tonnes of green steel in the first year." He continued by saying that when creating the Saarloha Kalyani FeRRESTA green steel brand, the Kalyani Group looked into every area of sustainability.
He said, "We have linked our entire CSR approach with the ESG goals. The company avoided 76,484 total carbon dioxide (tCO2) emissions, reduced water consumption by 10%, and recycled 99.4% of its garbage.
The minister's remarks come a day after he informed the Rajya Sabha that the administration was thinking about requiring the use of "green steel" in all government-funded projects.
He claimed that emissions from the steel industry had decreased by 15% between 2005 and 2022 and that the government aims to further reduce emissions by 10% by 2030. Additionally, he stated that by 2030, India intends to double its annual steel production to 300 million tonnes.
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