Tata Steel Ltd and ABB, a global technology leader, have forged a Memorandum of Understanding (MoU) to jointly pioneer innovative strategies and technologies aimed at curbing the carbon footprint associated with steel production. ABB, renowned for its expertise in automation, electrification, and digitalization within the mining and metals sectors, brings its global experience to the table.
Tata Steel, a major player in the global steel industry with a crude steel capacity of 35 million tons per annum, is firmly committed to sustainability. The company has set ambitious targets, including achieving carbon neutrality by 2045. In alignment with these goals, Tata Steel has set a medium-term objective of reducing carbon emissions in its Indian operations to less than two tons of COâ‚‚ per ton of crude steel by 2025.
The collaborative efforts of Tata Steel and ABB will focus on conducting comprehensive assessments of Tata Steel’s manufacturing facilities and production plants. The primary aim is to evaluate and co-develop both short-term and long-term solutions to enhance energy efficiency, decarbonization, and circularity.
Key aspects of Tata Steel’s sustainability drive include an increased use of scrap, adoption of alternative fuels like natural gas and green hydrogen, integration of renewable energy sources, and the deployment of carbon capture, storage, and utilization technologies.
The partnership will explore energy optimization, reduction, and substitution through fully integrated digitalization and electrification. This encompasses the investigation of energy-efficient motors and the potential utilization of hydrogen as an alternative fuel for upstream processes.
Tata Steel’s commitment to sustainable development is intrinsically linked to its goal of achieving carbon neutrality by 2045. The company’s expansion plans, aiming to increase capacity to 40 million tons by 2030, highlight the significance of its collaboration with ABB in achieving sustainable growth.
The global steel industry plays a substantial role in global fossil fuel COâ‚‚ emissions, accounting for approximately 7 to 9 percent of such emissions, as reported by sources including the International Energy Agency (IEA).
