New Delhi : JSW Steel, the flagship company of the $22 billion JSW Group, partnered with German engineering and technology company SMS Group to develop domestic steelmakers as well as cutting-edge solutions to reduce carbon emissions in iron and steel manufacturing units. Research and development projects can be traced. in India.
The company said in a statement that companies will explore opportunities to reduce carbon emissions and manufacture green steel. A Memorandum of Understanding was signed between JSW Steel and Düsseldorf based SMS Group GmbH to implement decarbonization projects in steelmaking facilities of JSW.
To achieve decarbonization in steel plants, SMS Group will provide technology expertise in design, engineering consultancy and commissioning for executing various projects. JSW Steel will ensure SMS Group access to its manufacturing units and share details of operations including data on raw material, consumables and manpower utilization to explore solutions to implement common decarbonization projects.
Sajjan Jindal, Chairman and MD, JSW Steel said, “The steel industry accounts for 0.7 per cent of global economic output, but it also contributes 7% to global emissions. We need a new transformational approach focused on the green steel vision. Together with our technology partner SMS Group, we are on our way to green metals. We are also committed to build and upgrade all our plants with latest technologies to ensure a safe and healthy future for all stakeholders.”
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