In order to comply with the government’s COP26 commitments, the Ministry of Steel has requested the stakeholders to develop a time-bound action plan to cut emissions in the steel industry. A government report states that whereas the iron and steel sector generally generates 8 percent of the world’s yearly carbon dioxide (CO2) emissions, it makes up 12 percent of the total CO2 emissions in India. The COP26 climate change summit’s accords require the Indian steel industry to considerably decrease its emissions.
Prime Minister Narendra Modi said at the COP26 global climate summit in November 2021 that India will reach its goal of having net zero emissions by the year 2070.
In a recent meeting, Steel Minister Ram Chandra Prasad Singh “urged the stakeholders to develop a time-bound action plan and work together to reduce emissions from the steel industry in line with the commitments made by the Government at COP26.”
In addition, the current situation, the next steps for promoting the switch to green steel, the various strategies and technologies that the steel industry can use to produce green steel, and the levels of technological readiness were discussed.
At the meeting, participants also discussed using green hydrogen to produce iron and carbon capture, utilization, and storage (CCUS) technologies to reduce emissions.
“Reputable academic institutions, research laboratories, and steel companies have submitted joint collaborative R&D project proposals for the development of new alternative processes and technologies to address the sector’s challenges…(and) The ministry will provide financial assistance under the R&D Scheme for the Financial Year 2022-23.
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ISMC (Indian Standard Medium Channel) Weight chart: Mild steel channels are U-shaped steel structures that can be described by the size and thickness of their sides. Mild steel channels have two parts: the flange at the bottom and the web at the top. The flange is the horizontal part at the bottom, and the web is the vertical part at the top.