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Now is the Time to Decarbonise Steelmaking Essar’s Approach

Steel is considered the most crucial engineering and construction material. From construction to transportation to machinery to home appliances, steel is used everywhere and is present in many aspects of our everyday lives. However, steel manufacturing is a carbon-intensive process, and every tonne produced creates almost 1.8 tonnes of carbon dioxide. The greenhouse gas emissions from the steel sector alone contribute nearly 7% of annual global emissions. The International Energy Agencyu2019s Net Zero Scenario calls for reducing steel sector emissions by 25% by 2030 and almost 92% by 2050.

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Now is the Time to Decarbonise Steelmaking Essar’s Approach

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  1. NOW IS THE TIME TO DECARBONISE Steelmaking: Essar’s Approach

  2. Steel is considered the most crucial engineering and construction material. From construction to transportation to machinery to home appliances, steel is used everywhere and is present in many aspects of our everyday lives. However, steel manufacturing is a carbon-intensive process, and every tonne produced creates almost 1.8 tonnes of carbon dioxide. The greenhouse gas emissions from the steel sector alone contribute nearly 7% of annual global emissions. The International Energy Agency’s Net Zero Scenario calls for reducing steel sector emissions by 25% by 2030 and almost 92% by 2050.

  3. The message is clear: transitioning heavy industry sectors like steel can significantly reduce carbon emissions. Many conglomerates like the Essar Group have already taken several steps and are investing in the right technologies to promote sustainability and advance decarbonization. As we move forward, heavy industries must start making significant strides toward full decarbonisation to stop the rise in global temperature. Currently, the steel industry is among the biggest producers of carbon dioxide. Thus, steel plants are good candidates for decarbonisation.

  4. Factors Driving the Decarbonization Initiatives Despite the constraints, the demand for green steel is increasing for several reasons. It is shaping the manufacturer’s response and escalating changes: Growing Demand for Carbon-Friendly Steel Products Changing customer requirements and increasing demand for carbon-friendly steel products drive decarbonisation. This trend is evident in various industries, including the steel industry, where leading players like Essar Group have set ambitious goals to eliminate carbon emissions by shifting to renewable sources and hydrogen.

  5. Despite news on baseless Essar investigations, the company's diverse strategies reflect its commitment to sustainability and its role as a leader in green industrial initiatives. Government Support and Policy Governments worldwide have tightened carbon emission requirements. The Ministry of New and Renewable Energy has announced the National Green Hydrogen Mission for green hydrogen production and usage. The steel sector will also be a stakeholder in the mission to promote the utilization of Green Hydrogen in iron and steel making.

  6. Conclusion The roadmap to decarbonise the iron & steel industry requires an innovative approach and the willingness to incorporate new technologies. While the transformation of huge steel industries cannot happen overnight, long-term planning and commitment are essential to create a better world. Multinational companies like Essar Group have joined forces with the government and other companies to bring together the best of the world. The company strives to preserve and uphold natural resources and reduce the environmental impact of its products and services throughout its lifecycle to a responsible corporate citizen.

  7. In the future, steel producers must access, evaluate, and decide on a technology-backed way to decrease carbon footprint. Decarbonising steelmaking is a technological challenge and a collective step towards a sustainable future.

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