India’s JSW Steel and SMS Group have joined forces to reduce carbon emissions from iron and and steel production.
They have signed a memorandum of understanding to explore cutting-edge solutions and research and development projects to cut emissions in JSW’s iron and steelmaking operations in India.
SMS, which produces iron and steel technologies, will support JSW Steel in improving the operational efficiency and environmental performance.
Sajjan Jindal, Chairman & MD, JSW Steel said: “While the steel industry accounts for 0.7% of the world’s economic output, it also contributes 7% towards global emissions. We need a new transformative approach focused on green steel. With SMS group as our technology partner, we are on our way to turning metals green across the globe.
“We are also committed to building and continually upgrading all our plants using the latest technologies available, thereby ensuring a safe, secure and healthy future for all our stakeholders and communities. Achieving net zero in the steel industry will require major upgrades and capital investments in steel mills and the initiative will have to be taken at both an industry and policy level.”