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ArcelorMittal Nippon Steel India Ltd has drawn up a road map to cut emissions by 20% from 2021 levels by the end of the decade, Chairman Aditya Mittal said in the company’s first Climate Action Report.
The firm aims to significantly enhance its use of renewable energy to meet 100% of its grid electrical energy needs by 2030. Furthermore, it plans to maximise the utilisation of the scrap mix in total steelmaking capacity, increasing it from the current 3%-5% to 10%.
The joint venture between ArcelorMittal and Nippon Steel is focused on ensuring that the next phase of steel plants possesses the capacity to swiftly adopt lower-carbon processes, including hydrogen-based steelmaking.
The company is optimistic about the potential of two breakthrough technologies, Carbon Capture, Utilisation, and Storage, as well as Hydrogen, to enable net-zero steelmaking in the country. Mittal emphasised that the company is actively contributing to the local development of both technologies.
AMNS India is actively seeking government commitments to progressively increase the purchase of low-carbon steel, allowing mills to plan accordingly. Additionally, the company advocates for the development of an efficient carbon trading market to promote decarbonisation efforts.
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