Tata Steel and SMS Group signed a contract on Wednesday intending to reduce carbon emissions and achieve net zero emissions by 2045. The German company and the Indian steel giant have agreed to work together on a technique that might reduce carbon emissions by more than 50% throughout the steel-making process, according to a statement from the steel manufacturer.
Tata Steel continued by stating that a key objective of this agreement is to cut carbon dioxide emissions from the blast furnace's baseline operation by over 50 percent.
Speaking on the Tata Steel and SMS Group deal, TV Narendran, CEO at Tata Steel said, “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 decarbonization journey."
Based on the World Steel Association, the manufacturing of steel is responsible for up to 9% of the world's carbon emissions, and steelmakers all over the world are putting money into developments that can help them cut down on pollution.
The International Energy Agency (IEA) predicts that the direct CO2 emissions caused by the manufacture of crude steel are roughly 1.4 tons of CO2 per ton of steel produced, among other significant sources of carbon emissions. According to Recycling Today, the figures are a little higher, at about 1.85 metric tons of CO2 per ton of steel. These conclusions are based on data from a World Steel Association report, according to the IEA.
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