Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

Tata Steel commissions India's first plant for CO2 capture from Blast Furnace gas at Jamshedpur

Posted On: 2021-09-14 11:24:52 (Time Zone: UTC)


Tata Steel today commissioned a 5 tonnes per day (TPD) carbon capture plant at its Jamshedpur Works, making it the country's first steel company to adopt such a carbon capture technology that extracts CO2 directly from the Blast Furnace gas. Tata Steel will reuse the captured CO2 on site to promote the circular carbon economy.

This Carbon Capture and Utilisation (CCU) facility uses amine-based technology and makes the captured carbon available for onsite reuse. The depleted CO2 gas is sent back to the gas network with increased calorific value. This project has been executed with the technological support from Carbon Clean, a global leader in low-cost CO2 capture technology.

The CCU plant was inaugurated by T. V. Narendran, CEO & MD, Tata Steel, in the presence of Company officials and other dignitaries.

T. V. Narendran, CEO & MD, Tata Steel, said: "In alignment with the Tata group's pioneering values, we have taken this strategic step in our journey towards decarbonisation. We will continue our quest to remain an industry leader in sustainability by setting new benchmarks for a better tomorrow. For the sustainability of the steel industry globally and particularly in a growing country like India, it is essential that we find economical solutions for capturing and use of CO2 at scale. Leadership in mitigating emissions, accessing low-cost clean energy, and providing circular economy solutions will define our sector's journey going forward."

"The operational experience gathered from this 5 tonnes per day CO2 capture plant will give us the required data and confidence to establish larger carbon capture plants in future. As the next step, we aim to establish scaled up facilities of CO2 capture integrated with utilisation avenues," he added.

Tata Steel continues to pursue its goal to be the industry leader in sustainability by reducing its CO2 emission intensity and specific freshwater consumption, developing sustainable supply chain, and contributing towards the future circular economy. The Company has undertaken a two-pronged approach of Carbon Direct Avoidance (CDA) and CO2 Capture and Use in pursuit of the decarbonisation goal.

Aniruddha Sharma, CEO, Carbon Clean, said: "We are delighted to be working with Tata Steel on this breakthrough project. We are currently capturing 5 tonnes of CO2 per day, but following our successful demonstration, we plan to rapidly accelerate the number of carbon capture projects. Capturing CO2 from blast furnace gas will not only decarbonise the steel plants but will also open avenues for hydrogen economy."

Carbon Capture and Utilisation (CCU) is a key lever in the fight against climate change and global warming. The 'Tata Steel - Carbon Clean' collaboration in the CCU field is a timely initiative and a step towards a sustainable tomorrow.

Over the past few years, Tata Steel has invested in multiple initiatives in harnessing clean and renewable energy, generation and use of Green Hydrogen and adopting waste heat recovery technologies. Tata Steel is a member of ResponsibleSteelTM, the industry's first global multi-stakeholder standard and certification initiative, to further its sustainability goals.

Tata Steel has also made progress in its steel recycling business initiative, which is a definitive step towards sustainable steel production. The Company has set-up its first Steel Recycling plant at Rohtak in Haryana which will enable lower carbon emissions, resource consumption and energy utilisation.

Both, Tata Steel India and Tata Steel Europe have been recognised by the World Steel Association (worldsteel) as Steel Sustainability Champions for four years in a row. The recognition is a testament to Tata Steel's commitment to sustainable business practices.

In September 2020, Tata Steel had joined hands with the Council of Scientific & Industrial Research (CSIR) to work in the field of Carbon Capture, Utilisation & Storage (CCUS), to build a strong ecosystem in the country for meeting the decarbonisation commitments under the Paris Agreement.

Shares of TATA STEEL LIMITED was last trading in BSE at Rs. 1452.25 as compared to the previous close of Rs. 1463.15. The total number of shares traded during the day was 209838 in over 6833 trades.

The stock hit an intraday high of Rs. 1476.65 and intraday low of 1449. The net turnover during the day was Rs. 306603496.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com


Other Headlines:

DCM Nouvelle Ltd performs Bhoomi Poojan for new plant at Hisar, Haryana

The Sukhjit Starch and Chemicals Ltd board approves warrants issue at Rs. 300

Rail Vikas Nigam Ltd secures Rs. 1034.90 crore contract for Indore Metro Rail project

Welspun India Ltd board approves plan to expand towel manufacturing capacity

Mukand Ltd announces retirement of MD, Joint MD

Gujarat Themis Biosyn Ltd announces resignation of Non-Executive Directors

Sunteck Realty Ltd appoints two independent directors

SREI Infrastructure Finance Ltd announces resignation of Mr. Ram Krishna Agarwal as Director

KEC International acquires an EPC company in the Oil and Gas Pipelines sector

Bliss GVS Pharma Limited purchases immovable property from JMFARC

Adani Ports and Special Economic Zone Ltd board approves issue of NCDs to raise Rs. 1000 crore

Shree Ganesh Remedies Limited board recommends 1:5 bonus issue

Sobha Ltd appoints Mr. Yogesh Bansal as CFO

Orchid Pharma Ltd updates on transfer of formulations business

IRB Sindhudurg Airport Pvt. Ltd., receives Aerodrome License for its Sindhudurg Airport at Chipi

INOX Leisure Limited starts commercial operations of Multiplex Cinema Theatre at Reliance Mall, Bhilwara

Zydus Cadila receives final approval from USFDA for Vortioxetine Tablets

ISGEC Heavy Engineering Ltd shareholders approve appointment of directors

Apollo Hospitals Perform India's First True Robotic Bariatric Surgery using Robotic Staplers

IIFL Home Finance signs agreement for Co-lending with Punjab National Bank

CM Naveen Patnaik Inaugurates the extended Alumina refinery of Utkal Alumina at Kashipur, Rayagada

Tamilnad Mercantile Bank Inaugurates e-Lobby at Tirumala

Eveready Industries Ltd initiates recovery proceedings for Rs. 4.12 crores from McNally

India Ratings Revises Aegis Logistics' Outlook to Positive, Affirms 'IND AA'

Route Mobile Limited board to consider fund raising proposal on Sep 22, 2021

HLE Glascoat to acquire the global business of Thaletec GmbH

MAS Financial Services Ltd raises INR 100 crore via market-linked NCDs (MLD)

NCL Industries Ltd inks JV agreement with Moravia Containers A.S.

Asian Energy Services Limited to invest in VAAN Electric Moto Pvt Ltd

NODWIN Gaming acquires gaming adjacent IPs and gaming talent business from OML Entertainment for INR 73 Crores

Bajaj Finance Ltd invests Rs. 195.54 crore in Bajaj Finserv Direct Ltd

Vipul Organics Ltd to acquire industrial land

Wipro announces Co-innovation Space with Google Cloud

NODWIN to acquire Gaming and Live IPs of OML Entertainment Pvt Ltd

Mr. Venugopalan Kesavan resigns as Group CFO of Narayana Hrudayalaya Ltd

G E Shipping delivers its 2003 built Aframax Crude Carrier 'Jag Lata'

Intellect announces Strategic Partnership with Resurs Bank

JM Financial Products Limited announces Tranche I Public Issue of upto Rs. 500 crore of NCDs

Ramky Infrastructure Limited bags contract of Rs. 250 crores

The Shipping Corporation of India Ltd gets Ministry approval for demerger of non-core assets

Moneyboxx Finance raises INR 7.5 crore from DCB Bank Ltd

pTron launches Gaming Earbuds and 3 New TWS Earbuds ahead of the Festive Season, Prices starts at 999/-

Gloster Limited signs MoU with Telangana Government for investment of Rs. 330 crores

Sobha Limited announces resignation of CFO

Bajaj Holdings & Investment Ltd board declares interim dividend of Rs. 90

Coral Laboratories Ltd announces resignation of Non-Executive Director

SAB Industries Ltd announces resignation of MD

Dynamatic to manufacture Aerostructure Assemblies for Boeing's F-15EX Eagle II Fighter Aircraft

Zensar recognized as a Disruptor in Avasant' s Digital Talent Capability 2021 RadarView™report

eClerx Services Limited board approves buy back of shares at Rs. 2850


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020