India’s JSW Steel Limited seeks to commence manufacturing ‘green steel’ at its Vijayanagar mill in the southern region of the country within the next 18-24 months, powered by a 3,800 mt green hydrogen plant.
The firm has also concluded a contract for renewable power supplies of 1 GigaWatt (GW) of which 225 MW has been operationalized at the Vijaynagar mill since last April, making it the first Indian steel producer deploying large-scale renewable energy for the manufacture of green steel, company chairman Sajjan Jindal said in a statement.
The official said that JSW Steel has concluded an agreement with group affiliate JSW Energy Limited for the supply of green hydrogen and green oxygen for the production of steel at the Vijayanagar mill and to be sold at a premium to the market price.
“As we aim to reach a capacity of 50 million mt per year steelmaking capacity, our aspiration is to power our entire setup through 10 GW of renewable capacity, making us possibly the world’s first major steel manufacturer to achieve this milestone,” Jindal said in a report to shareholders.
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