iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

SAIL Partners with BHP to Explore Low-Emission Steelmaking Technologies

8 Oct 2024 , 12:03 PM

Steel Authority of India Ltd (SAIL) has partnered with global resources company BHP to explore low-emission steel manufacturing technologies.

The Memorandum of Understanding (MoU) between SAIL and BHP focuses on promoting decarbonization in steelmaking, specifically through the blast furnace route. The collaboration aims to reduce greenhouse gas (GHG) emissions at SAIL’s integrated steel plants by exploring alternative reduction strategies.

The workstreams under this partnership will assess the potential use of hydrogen and biochar as alternative reductants in blast furnace operations to lower carbon emissions.

The partnership will also focus on building local research and development capabilities to support the decarbonization process.

SAIL Chairman, Amarendu Prakash, emphasized the importance of aligning the steel industry with global climate commitments, calling this collaboration a key step in sustainable steel production.

BHP’s Chief Commercial Officer, Rag Udd, highlighted the need for collective action and shared expertise to meet the challenges of decarbonizing the steel industry.

The initiative aligns with the global push towards reducing carbon footprints and promoting eco-friendly industrial practices in the steel sector.

Related Tags

  • BHP
  • Low-Emission Steelmaking
  • Memorandum of Understanding
  • SAIL
  • Steel Authority of India Ltd
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Most Read News

Ashok Leyland Q2 Profit Jumps 37%
13 Nov 2024|12:14 PM
Sula Vineyards Shares Tumble 7%
13 Nov 2024|11:11 AM
Kalpataru Wins Rs 2,273 Crore Orders
13 Nov 2024|11:05 AM
Bain Capital Eyes Majority Stake in Manappuram
13 Nov 2024|10:57 AM
Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp