India's Push for Green Steel: Consortium Formed to Develop Indigenous Technology
Key Ideas
- India initiates the formation of a consortium to develop indigenous technology for green steel, aiming to reduce the steel sector's carbon footprint.
- The government seeks to lower the cost of clean energy-based steel production, urging international technology providers to make it more affordable for steel companies.
- Under the National Green Hydrogen Mission, tenders have been floated with an outlay of Rs 455 crore for industry participation in piloting green steel-making.
- Efforts include preparing a decarbonization roadmap, increasing hydrogen use, and utilizing carbon capture technologies to reduce emissions in the steel sector.
India is taking significant steps towards achieving green steel production by forming a consortium to develop indigenous technology. The aim is to reduce the carbon footprint in the steel sector. The government is working on making clean energy-based steel production more affordable by urging international technology providers to lower costs. Initiatives like the National Green Hydrogen Mission are being undertaken to pilot green steel-making, with financial support provided for projects. A consortium, led by the Institute of Minerals and Materials Technology, is interested in piloting India's first green steel-making initiative using hydrogen-based Direct Reduced Iron production. The government is also focusing on reducing the carbon intensity in steel production by about 20% in the short term. Efforts include developing a decarbonization roadmap, promoting hydrogen use, and implementing carbon capture technologies. The Energiron direct reduction technology, using hydrogen, is highlighted for its energy efficiency and environmental compliance. While challenges like the high cost of imported technology remain, India's progress in green steel production is promising and aligns with global efforts towards sustainable steel manufacturing.
Topics
India
Clean Energy
Energy Efficiency
Carbon Reduction
Decarbonization
Technology Development
Green Steel
Environmental Compliance
Steel Sector
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