Green Steel Production

'The company was waiting for more clarity on the CBAM framework and tariff structures before finalising its capacity expansion plans and its timing'

Ashwini Kumar, economic advisor to the Ministry of Steel, confirmed that public procurement would play a key role in creating a market for low-emission steel

Jindal Steel Duqm, a part of Naveen Jindal Group, aims to start operations at its upcoming 5 million tonnes per annum (MTPA) hydrogen-enabled green steel complex at the Special Economic Zone in Duqm (SEZAD) in Oman by 2028, a company executive said. The plant is being developed in two phases at a total investment of approximately USD 3 billion (around Rs 25,000 crore), the official said. Designed to be one of the world's most advanced hydrogen-ready steel facilities, it will initially run on natural gas but will be capable of switching to green hydrogen once the supply infrastructure matures. The complex will consist of two Direct Reduced Iron (DRI) modules of 2.5 MTPA each. While the first unit will be operationalized by December 2028, the second unit is scheduled for commissioning by 2030. Both DRI units are engineered to be hydrogen-ready from day one. According to a senior company executive, Jindal Steel Duqm has informed the Government of Oman that hydrogen will be injected in

Industry leaders have called for a gradual, step-by-step transition to green steel, urging supportive government policies and a focus on reducing emissions as part of India's sustainable growth agenda

India, the world's biggest steel producer after China and a key green house gas emitter, has been working on a green steel policy to decarbonise production of the alloy

Says most steel for projects is purchased indirectly through contractors rather than the govt

"Steel made with natural gas is not climate-neutral steel and that is what ultimately matters," he said

Essar has been tying up the back end for its proposed Saudi steel plant, which is expected to start production in 2027

Bahrain-based firm Foulath arm Bahrain Steel has collaborated with Essar Group's KSA Green Steel Project for supply of iron ore pellet to Green Steel Arabia (GSA) project. Through this partnership, the Bahrain Steel will deliver four million tonnes of DR-grade pellets per annum (mtpa) to Essar Group, a statement said. The Bahrain Steel is the only (Gulf Cooperation Council) GCC-owned pellet producer and leading supplier of high-quality DR grade pellets to all integrated steel producers in the region, it stated. "Foulath Subsidiary, Bahrain Steel, a leading producer, and global supplier of high-grade iron-ore pellets, has partnered with multinational conglomerate Essar Group in the supply of iron ore pellets to the Green Steel Arabia (GSA) project. The Letter of Intent (LOI) signing ceremony was held on Wednesday, 16th August 2023, in Jubail, Saudi Arabia. Dilip George, Group CEO of Foulath Holding, said in the statement,"Bahrain Steel's LOI with Essar for the supply of 4 million .

Transition calls for large investment but demand for and premium on eco-friendly steel remains dull

We have highlighted to them our financial situation given the way things are in Europe, and we have been promised that they will come back soon

Revenues from operations at Rs 59,877.52 crore was marginally down from Rs 60,387.13 crore in the year-ago period

Tata Steel has inked an agreement with American carmaker Ford to supply "zeremis green steel" from its Netherlands-based IJmuiden plant after the unit shifts to hydrogen-based steel making. In Europe, Tata Steel is working to switch to low-carbon technologies to manufacture steel in the UK and the Netherlands. The company's both businesses Tata Steel UK and Tata Steel Nederland have been developing detailed plans for transition to low CO2 technologies in line with the company's goal to produce CO2-neutral steel by 2050 in Europe, company's CEO & MD T V Narendran and Executive Director and CFO Koushik Chatterjee earlier said. "Tata Steel Nederland has signed a memorandum of understanding with Ford in Europe to supply the carmaker with Zeremis green steel once the IJmuiden steelworks switches to green hydrogen-based steelmaking," a statement said. The agreement makes Ford the first customer committed to offtake the green steel that Tata Steel plans to produce via the hydrogen route,

'New transformative approach' needed to produce green steel, says JSW Steel leader Sajjan Jindal

Both the Netherlands and UK facilities have turned around but the transition to a green steel future may differ

Steel minister Ram Chandra Prasad Singh on Sunday highlighted the need to move towards green steel, saying the use of hydrogen in the iron ore and steel sector would help reduce coal imports.

Electric arc furnace route emits less Co2 and cost of production is reduced compared to the blast furnace route