euroindia February 7, 2023 0 Comments

By 2030, India aims to be the World’s 3rd largest economy. By ramping up its manufacturing capacity to 300 million tons per annum, India’s steel sector will assume the role of a growth multiplier. However, steel is a highly carbon-intensive sector & contributes ~8% of global CO2 emissions. For India, the sector is responsible for 11% of total emissions or about 250 MtCO2e in absolute terms.

To achieve a substantial reduction in the carbon footprint of the steel manufacturing process, development of breakthrough technologies is crucial. To achieve this, there are fundamentally two pathways: one is to introduce carbon capture technologies in tandem with existing processes to lock-in the carbon; the other is to replace carbon with ‘green-reductants’ such as hydrogen.

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