{"id":13731,"date":"2023-02-03T06:29:01","date_gmt":"2023-02-03T06:29:01","guid":{"rendered":"https:\/\/blog.researchandranking.com\/?p=13731"},"modified":"2023-06-22T11:29:49","modified_gmt":"2023-06-22T11:29:49","slug":"india-can-decarbonize-steel-industry","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/india-can-decarbonize-steel-industry\/","title":{"rendered":"Why Decarbonization In Indian Steel Industry Is The Top Priority?\u00a0\u00a0"},"content":{"rendered":"
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Overview of the Steel Industry<\/h2>\n\n\n\n

Steel production emits over 3 billion metric tonnes of CO2 annually, making it the industrial material with the most significant impact on climate change. Owing to the energy-intensive manufacturing processes, the steel industry accounts for nearly 9% of total GHG emissions in the country. Furthermore, Indian steel companies import coking coal worth $ 8 -10 billion, accounting for almost 2% of India’s total import bill.<\/p>\n\n\n\n

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As the government plans to double India’s steel manufacturing capacity to 300 million tonnes per annum (mtpa) by 2030, the steel industry coal usage, high <\/strong>CO2 emissions, and import dependence are expected to grow significantly.<\/p>\n\n\n\n

Let us dig a little deeper into the Decarbonisation challenges and how the Indian <\/strong>steel industry is resilient in finding innovative solutions to boost our economic growth.<\/p>\n\n\n\n

Transitions in the Indian Steel Sector<\/strong><\/h2>\n\n\n\n

India plans to double its steel production capacity by 2030 compared to 2019 and achieve the voluntary net-zero emissions target by 2070. As a result, India’s policymaking is critical in accelerating the transition of the steel industry from a coal-intensive sector to green technologies. <\/p>\n\n\n\n

We can ensure a smooth transition to energy efficient steel industry through retrofitting modern technologies, utilization of waste heat, use of better quality inputs, etc. <\/p>\n\n\n\n

Recently, PHDCCI <\/strong>organized a conclave that industry leaders attended to create a robust and structured mechanism to boost steel production to 300 MTPA levels in India. It requested that the government must establish a regulatory body for the steel industry to control rising steel prices, which have a direct impact on the ease of doing business and productivity of MSMEs. <\/p>\n\n\n\n

Carbon Emissions in the Indian Steel Industry<\/h3>\n\n\n\n

The energy consumption in India’s integrated steel industry is estimated to be 6-6.5 Giga calories per tonne, which is significantly higher than the global<\/a> consumption benchmark of 4-4.5. It necessitates the development of an effective roadmap to reduce reliance on emission-intensive methods of steel production.<\/p>\n\n\n\n

Antiquated plant infrastructure, old plant floors, operating practices, and poor quality raw materials such as high ash coal\/coke and high alumina iron ore cause hard-to-abate emission in the steel industry. <\/p>\n\n\n\n

India is the only steel producer across the World to use Coal as the primary source of energy to separate oxygen from iron. This in turn adds to CO2<\/strong> emissions. India to meet its pledge to mitigate CO2 emissions by 33% by 2030 needs viable green fuel alternatives. <\/p>\n\n\n\n

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 Challenges to Decarbonisation in the Steel Industry<\/h3>\n\n\n\n

Major challenges the Steel industry faces are-<\/p>\n\n\n\n