Tata Steel's European business on Friday announced a partnership with the Netherlands' chemicals company Nouryon and the Port of Amsterdam to develop the largest green hydrogen cluster in Europe, which it says is one of a number of initiatives to help the Indian steel giant achieve its ambition of becoming carbon neutral from 2050.
Using renewable electricity, the plant would save up to 350,000 tonnes of carbon dioxide (CO2) per year, equivalent to the emissions of more than 40,000 homes.
"The steelmaking industry has a collective responsibility to set bold targets, raise the bar and find opportunities to collaborate in order to drive progress on this front. Simultaneously, we're making significant investments in innovation as part of our strategy to build a European business that is sustainable in every sense," he said.
Hydrogen is a vital element which serves the dual purpose of being a carbon alternative for the steelmaking industry while also being used to help create everyday household products from the waste gases produced during steelmaking.
Last month, Tata Steel announced that HIsarna, the company's "ground-breaking" new reactor, had exceeded expectations in sustainable steel production, with the possibility of achieving a CO2 reduction of more than 50 per cent.
HIsarna is expected to play a pivotal role in meeting the recycling ambitions of the circular economy, the Tata Steel said.
Also announced recently was Tata Steel's intention to cooperate with the Dow Chemical on a pilot project which seeks to convert carbon monoxide a by-product gas from blast furnaces into naphtha, a liquid hydrocarbon mixture.
The naphtha is expected to be used as feedstock for the production of other chemical products, another example of integration into the circular economy.
Tata Steel Europe is one of Europe's leading steel producers, with steelmaking units in the Netherlands and the UK, and manufacturing plants across Europe. The London-headquartered company supplies high-quality steel products to markets across construction and infrastructure, automotive, packaging and engineering.