Steel producers accelerated their decarbonization plans.
financialexpress.com
India
08-02-2024
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In order to lessen its carbon footprint, the local steel industry, which is responsible for 12% of the nation's CO2 emissions, is quickly implementing scalable, forward-thinking technology. However, they are counting on help from the government and other stakeholders.
The industry emits 2.55 total carbon dioxide content (TCO2) per tonne of crude steel (tcs), compared to the global average of 1.85 TCO2/tcs. It accounts for almost 2% of the GDP.
India now produces about 164 MTPA of steel, with a goal of increasing that amount to 300 MTPA by 2030–31.
The world's top producers understand that decarbonization is a matter of survival and are adjusting their manufacturing processes to increase their energy and resource efficiency.