MC Explains: What is green steel and why are Indian steelmakers...

MC Explains: What is green steel and why are Indian steelmakers interested in it? (moneycontrol.com)


" According to ArcelorMittal Nippon Steel India's presentation at a Steel Mint event, the iron ore and steel industry globally accounts for around 8 percent of total CO2 emissions on annual basis, whereas in India, it contributes 12 percent to the total CO2 emissions. With such high emissions, steel producers in India and globally are facing escalating pressure from governments and investors to reduce their carbon footprint from both environmental and economic perspectives.I n view of commitments made at the Conference of the Parties (COP) climate change conference, the Indian steel industry needs to reduce its emissions substantially by 2030 and hit net-zero carbon emissions by 2070. This is where green steel comes in.

Tata Steel's Netherland subsidiary has launched Zeremis Carbon, a green steel solution that offers a 30 percent reduction in CO2 intensity as part of its aim to eliminate CO2 emissions by 2050. The company has committed to switching to green hydrogen-based steelmaking. It is aiming to reduce CO2 emissions by at least 30 percent by 2030 and to emit 75 percent less CO2 by around 2035, with the ultimate goal of eliminating CO2 emissions by 2050."

Hmm yummm..green hydrogen = DRI = magnetite.