JSW Steel forged a collaboration with German-based engineering and technology company SMS group to explore multiple cutting-edge solutions and R&D projects to reduce carbon emissions in India’s iron and steelmaking operations.
The collaboration will enable the companies to explore opportunities to reduce carbon emissions and produce green steel in one of the most hard-to-abate sectors.
A Memorandum of Understanding (MoU) between JSW Steel and SMS group GmbH was signed on Tuesday in Mumbai to explore solutions for the implementation of the decarbonisation projects across various JSW Steel plants in India.
JSW Steel shall make available at its plants all the support to SMS group like raw materials, consumables, and manpower for exploring solutions for the implementation of general decarbonisation projects.
Sajjan Jindal, Chairman & MD, JSW Steel, said, “While the steel Industry accounts for 0.7% of the world’s economic output, the industry also contributes 7% towards global emissions. We need a new transformative approach focused on the green steel vision. With our technology partner SMS group, we are on our way to turning metals green in the world.”
Burkhard Dahmen, Chairman of the Managing Board & CEO, SMS group, said, “Our know-how and experience in metallurgy combined with our digital expertise and plant technology consultancy enable SMS group and JSW Steel to create a greener metals industry.”