OCTOBER 20238TATA STEEL PLANS TO ACQUIRE 25 PERCENT OF ITS ENERGY FROM GREEN SOURCESTata Steel, the oldest producer of the main infrastructure alloy in Asia, aspires to achieve net carbon neutrality by 2045 by sourcing at least one-fourth of its energy needs from renewable sources by FY30. At its facilities across the nation, Rajiv Mangal, vice president for safety, health, and sustainability, said Tata Steel planned to do this using a combination of hydrogen injections and renewable energy sources like solar and wind.The company successfully injected hydrogen at one of its Jamshedpur blast furnaces earlier this year in an effort to reduce carbon emissions by 7­10 percent for each tonne of basic steel produced. Hydrogen transportation is incredibly expensive and dangerous, so we wanted to test it. We wanted to be certain, so we did our research. We no longer have those concerns, so we are considering either a 15 tonne per day hydrogen facility or having someone else supply it to us, according to Mangal."The cost of hydrogen will not be less than $5 to $6 per kg on the market. We need it to be in the neighbourhood of $1 to be economically feasible in a steel mill. Therefore, hydrogen technically has the ability to fix the issue, but not financially," he stated. One of the carbon-intensive industries in the world, the production of steel is responsible for 7-9 percent of total carbon emissions. How to produce steel in a more environmentally friendly manner is a topic of discussion that is spreading throughout the industry. This involves using scrap to make steel and switching to renewable energy sources in place of traditional energy sources. HPL TO INVEST RS 3,000 CR TO BUILD UP NEW CHEMICAL PLANTS IN WEST BENGALHaldia Petrochemical Limited (HPL), has claimed that it will be making a fresh investment of Rs 3,000 crore in the chemicals sector in West Bengal by setting up new factories at Haldia in East Midnapore district. The first investment will be on an on-purpose propylene unit based on Olefin Conversion Technology (OCT) and the second will be on a phenol unit. Both will be at the company's existing facility at Haldia."It will be the largest phenol plant in the country with a production capacity of 300 KTPA phenol and 185 KTPA acetone", claimed the whole-time director and the chief executive officer of HPL Navanit Narayan. He also said that with the commissioning of these plants, the overall chemical business portfolio is expected to increase by an additional Rs. 5,000 crore."As the plans move towards fruition, there will be advancement in areas such as digitisation. This will generate direct and indirect employment in the downstream chemical industry. The total industrial scenario evolving around chemicals will witness tremendous growth within a very short period". TOP STORIES
< Page 7 | Page 9 >