Jindal, who is also the chair of the World Steel Association, said while moving to clean hydrogen-based steelmaking techniques is the most likely immediate solution to achieving net-zero goals, the investments are needed to build new plants as well at the same time the old ones will be a major obstacle in this transition.
It may take over a decade to introduce viable methods of green steel production to achieve climate-neutral goals, said Sajjan Jindal, chairman of the JSW group, on Friday.
Jindal, who is also chairman of the World Steel Association is said to be while the move to clean hydrogen-based steelmaking techniques is the most likely immediate solution to achieving net-zero goals, the investments required to build new plants and at the same time the old ones will be a major obstacle in this transition .
« Viable green steel production could still be more than a decade away, although several of the world’s largest steelmakers, including us, are actively developing plans to adopt the process to achieve climate neutral goals. » In this context, switching to clean hydrogen seems to make sense as the most likely immediate solution to net zero the formwork of old plants is a major obstacle to change, « he said in a statement.
Sustainable change does not come by itself. The industry must take some bold steps together to develop sustainable solutions, he added.
At the recent COP26 summit, Prime Minister Narendra Modi pledged to achieve zero emissions by 2070. This was the first time India had set a target for climate protection.
“As one of the largest emitters of greenhouse gases in the world, the steel industry plays a crucial role in achieving this goal. While the steel industry accounts for 0.7 percent of global economic output, industry also contributes 7 percent to global economic output. That has to change, and that has to change quickly, « said Jindal.
The reduction in CO2 emissions, he said, will require extensive modernizations in the steel mills, and the initiative must be both industrial and political Level.
Industry will need an entirely new, transformative approach that will replace the use of carbon capture, use and storage (CCUS) with existing fossil fuel based ironmaking (BF-BOF), the replacement of Carbon as a reductant from hydrogen and the use of renewable electrical energy includes energy, he added.
Using the best available technologies would make low-carbon steelmaking competitive with conventional methods.
During the transition period with high initial capital and operational costs can be connected, the proactive government support is through a well-thought-out Politics ensure that the industry is not discouraged by this transition, said the industrialist.
Get the latest business news, stock updates and videos; Check your tax expenses with the income tax calculator and save money with our personal financial cover. Find out live the latest business news on Twitter and Facebook from Zee Business. Subscribe on YouTube.
By continuing to use the website, you consent to the use of cookies. You can find out more by clicking on it
this link
zeenews.india.com understands that your privacy is important and we are committed to making the technologies we use transparent. This cookie policy explains how and why cookies and other similar technologies can be stored on and accessed by your device when you use or visit zeenews.india.com websites that post a link to this policy (collectively, « the websites « ). This cookie policy should be read in conjunction with our privacy policy.
By continuing to browse or use our websites, you consent to our storing and accessing cookies and other tracking technologies as described in this policy.
A cookie is a small text file that is stored on your device and can be accessed by it when you visit one of our pages, provided you agree. The other tracking technologies work similarly to cookies and place small data files on your devices or monitor your website activity so that we can collect information about how you use our websites. This enables our websites to recognize your device from those of other users on our websites. The information below about cookies also applies to these other tracking technologies.
Zeenews.com uses cookies and other technologies to track information on your web browser or on your mobile phone, tablet, computer or other device (collectively « Devices ») store, which enables us to store and receive certain information when you use it or interact with our zeenews.india.com applications and sites. Such cookies and other technologies help us to identify you and your interests, to save your preferences and to track the use of zeenews.india.com. We also use cookies and other tracking technologies to control access to certain content on our pages, to protect the pages and to process any inquiries that you send to us.
We also use cookies to administer our sites and for research purposes. zeenews.india.com also has contracts with third party vendors to track and analyze statistical usage and volume information of our site users. These third parties use persistent cookies to help us improve the user experience, manage our site content and analyze how users navigate and use the sites.
These are the cookies that belong to us and that we place on your device or that are set by a website that the user is currently visiting (e.g. cookies from zeenews.india.com). </ Some functions that are used on this website may include a cookie being sent to your computer by a third party. For example, when you view or listen to embedded audio or video content, you may be sent cookies from the site that hosted the embedded content. If you share content on this website via social networks (e.g. by clicking on a Facebook “Like” button or a “Tweet” button), cookies may also be sent to you from these websites. We have no influence on the setting of these cookies. Please visit the websites of these third parties for more information about their cookies and how to manage them.
Persistent cookies
We use persistent cookies to improve your experience when using the websites. This includes recording your consent to our cookie policy in order to remove the cookie message that appears first when you visit our website. Session cookies
Session cookies are temporary and are deleted from your computer when your web browser is closed. We use session cookies to track internet usage as described above.
You can refuse to accept browser cookies by activating the corresponding setting in your browser. However, if you choose this setting, you may not be able to access certain parts of the site. Unless you have set your browser setting so that cookies are rejected, our system will check whether cookies can be recorded when you direct your browser to our pages.
The data collected by the websites and / or through cookies that may be placed on your computer will not be stored longer than is necessary to fulfill the purposes mentioned above. In any case, this information will be stored in our database until you have given us your express consent to remove all stored cookies.
These cookies are essential for our website so that you can move around it and use its functions. Without these essential cookies we may not be able to provide certain services or functions and our website will not work as smoothly for you as we would like it to be. These cookies let us recognize, for example, that you have created an account and have logged in and out to access page content. They also contain cookies that enable us to remember your previous actions within the same browser session and to protect our websites.
These cookies are used by us or our third party providers to analyze how the websites are used and how they are used function. These cookies track, for example, which content is visited most often, your display history and from which locations our visitors come. If you subscribe to a newsletter or otherwise register with the sites, these cookies can be assigned to you.
These cookies enable us to operate the websites according to the decisions you have made. These cookies enable us to remember you between visits. For example, we recognize your user name and remember how you have adapted the websites and services, for example by adapting the text size, fonts, languages and other parts of web pages that can be changed and offer you the same adaptations on future visits.
These cookies collect information about your activities on our websites as well as on other websites in order to provide you with targeted advertising. We may also allow our third party service providers to use cookies on the websites for the above purposes, including collecting information about your online activities over time and across different websites. The third party providers who generate these cookies, such as B. Social media platforms have their own privacy policies and may use their cookies to target you with advertisements on other websites based on your visit to our websites.
If you do not want cookies on your device are stored, you can set your Internet browser so that the setting of all or some cookies is refused and you are notified when a cookie is stored on your device. For more information, please refer to the “Help” / “Tool” or “Edit” section of your browser for cookie settings relating to your browser, which can be Google Chrome, Safari, Mozilla Firefox etc.
Please note that you may not be able to access or use all or parts or functions of our websites if your browser settings are already set to block all cookies (including strictly necessary cookies).
If you want to remove previously saved cookies, you can delete the cookies manually at any time in your browser settings. However, this does not prevent the websites from placing further cookies on your device unless you adjust your Internet browser settings as described above.
You can find more information about the development of user profiles and the use of targeting / advertising cookies at www.youronlinechoices.eu if you are based in Europe or www.aboutads.info/choices in the USA.
If you have any further questions about our cookie policy, please contact us at:
If you need any information or clarification about the use of your personal data or this privacy policy or any complaints regarding the use of your personal data, please send us an email at [email protected].
Keywords:
