India's SAIL ties up with BHP to reduce carbon emissions

Steel Authority of India

07/10/2024 09:27

Oct 7 (Reuters) - State-run Steel Authority of India
(SAIL)  SAIL.NS  has signed a pact with global miner BHP
 BHP.AX  to work on reducing carbon emissions at the Indian
steel producer's plants that operate blast furnaces, SAIL said
in a statement on Monday.
    The companies are considering the use of hydrogen and
biochar at SAIL's plants while also building local research and
development.
    "The emergent need to align the steel sector with climate
commitments is non-negotiable," SAIL Chairman Amarendu Prakash
said. 
    India, the world's third-largest emitter of greenhouse
gases, has pledged to achieve a net zero carbon emission target
by 2070. 
    India's steel industry accounts for 10%-12% of the country's
total emissions, generating 2.54 metric tons of carbon dioxide
for every ton of steel produced, which exceeds the global
average of 1.91 metric tons. 

 (Reporting by Neha Arora in New Delhi and Yagnoseni Das in
Bengaluru; Editing by Mrigank Dhaniwala)
 ((Yagnoseni.Das@thomsonreuters.com;))