Tata Steel has partnered with Germany's SMS group to explore development of low carbon steel making process.
As part of the MoU, both companies shall undertake further technical discussions and initiate actions for conducting Joint Industrial Demonstration of the EASyMelt technology developed by SMS group, Tata Steel said in a statement.
"The demonstration will be executed at E Blast Furnace in Tata Steel's Jamshedpur plant with an objective to reduce CO2 emission by more than 50 per cent from blast furnace's baseline operation," it said.
The EASyMelt (electric-assisted syngas smelter) technology is an iron-making solution that can be implemented in existing integrated steel plants to accelerate decarbonisation.
T V Narendran, CEO & MD, Tata Steel, said "We actively look for solutions to facilitate the transition to green steel production, and thus contribute to a sustainable future. Further, India being the second largest steel producer in the world also places a huge responsibility on large manufacturers like Tata Steel to lead the country's decarbonisation journey."
Tata Steel intends to take this association ahead with a deeper collaboration to access better technologies and processes to reduce the carbon footprint in a meaningful and consistent way, he said.
Tata Steel is prioritising decarbonisation and has set a goal of achieving net zero carbon emissions by 2045.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
