Steelmaker Tata Steel Ltd and technology supplier ABB have signed a Memorandum of Understanding (MoU) to work together to create innovative models and technologies to reduce the carbon footprint of steel production, the company announced Sept. 6.
Tata Steel is among the world’s largest steel companies with a crude steel capacity of 35 million mt/year and is committed to reaching carbon neutrality by 2045 with an interim target to reduce carbon emissions to less than 2 mt of CO2 per mt of crude steel in its Indian operations by 2025.
The two companies will focus on system-level assessments of Tata Steel’s manufacturing plants and production facilities for evaluation and co-development of short and long-term options for energy efficiency, decarbonization and circularity.
“Steel companies know there are opportunities to improve their processes,” said Vipul Gautam, group vice president, global account executive for Tata Group, ABB. “World Economic Forum figures anticipate the energy transition will require as much as 3 billion mt of metals over the medium term,” he said. “ABB is confident in working with our customers and partners to evolve how steelmaking is powered to help reach production and environmental targets,” he added.
Tata Steel expects to increase capacity to 40 million mt/year by 2030, hence this collaboration with ABB. The companies will explore energy optimization via hydrogen as an alternative fuel for upstream processes and energy reduction.
Author: Annalisa Villa