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Tata Steel ties up with Netherlands' Nouryon for carbon neutrality

The companies will together explore the feasibility of a water electrolysis facility to produce hydrogen and oxygen at Tata Steel's IJmuiden steelworks in the Netherlands

Press Trust of India  |  London 

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A general view shows the Tata Steel| Photo: Reuters

Tata Steel's European business on Friday announced a partnership with the Netherlands' company and the to develop the largest cluster in Europe, which it says is one of a number of initiatives to help the Indian giant achieve its ambition of becoming neutral from 2050.

The will together explore the feasibility of a water electrolysis facility to produce and oxygen at Tata Steel's IJmuiden steelworks in the

Using renewable electricity, the plant would save up to 350,000 tonnes of dioxide (CO2) per year, equivalent to the emissions of more than 40,000 homes.

"We are already one of the world's most CO2-efficient companies, but our ambition is to become a carbon-neutral steelmaker," said Hans Fischer, of Tata Steel's European business.

"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.

is a vital element which serves the dual purpose of being a alternative for the steelmaking industry while also being used to help create from the waste gases produced during steelmaking.

Last month, 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 said.

Also announced recently was Tata Steel's intention to cooperate with on a pilot project which seeks to convert carbon monoxide a 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.

is one of Europe's leading steel producers, with steelmaking units in the and the UK, and across The London-headquartered company supplies high-quality to markets across construction and infrastructure, automotive, packaging and engineering.

First Published: Fri, October 19 2018. 17:35 IST