Tata Steel and technology firm ABB have signed a Memorandum of Understanding (MoU) to co-develop technology to reduce carbon emissions in steel production.
Tata Steel is a global steel company with an annual crude steel capacity of 35 million tons per annum.
The company aims to reduce carbon emissions to less than two tons of CO₂ per ton of crude steel in operations by 2025.
ABB, a technology company engaged in electrification, automation, and digitization, will offer its global experience in the mining and metals industries.
ABB works to optimize how things are manufactured, moved, powered, and operated.
Both companies will work on system-level assessment of Tata Steel’s manufacturing plants and production facilities. They will evaluate and co-develop “short and long-term options for energy efficiency, decarbonization and circularity.”
Vipul Gautam, Group Vice President and Global Account Executive for Tata Group, ABB, said,
“Steel companies know there are opportunities to improve their processes, and Tata Steel is one of the leaders in this movement towards energy efficiency and reduction of carbon footprint,”
“World Economic Forum figures anticipate the energy transition will require as much as three billion tons of metals over the medium term; six times more mineral inputs by 2040 to reach net-zero emissions globally by 2050.”
“ABB is confident in working with our customers and partners to evolve how steelmaking is powered to help reach production and environmental targets.”
Tata Steel’s other developments include –
The company is deploying principal enablers for decarbonization, including –
- The use of more scrap in steelmaking,
- The use of alternate fuels like natural gas and green hydrogen,
- The use of renewable energy and deployment of carbon capture and storage/utilization technologies.
ABB and Tata Steel are venturing into the energy optimization with hydrogen. This will enhance the process and energy reduction and utilize electrification and ABB Ability™ eMine and e-Mobility solutions.
Source: https://www.bseindia.com/xml-data/corpfiling/AttachLive/aee5a14c-ba95-4ee1-a193-614de1975c79.pdf
