Ministry of Steel issues Press Release on ‘Promotion of Green Steel’; notifies steps taken to promote decarbonization in steel industry

The Ministry of Steel (“Ministry”) has issued a Press Release on the “Promotion of Green Steel” informing about the following steps taken by the Ministry for promoting decarbonization in steel industry.

• Steel Scrap Recycling Policy, 2019 which enhances the availability of domestically generated scrap to reduce the consumption of coal in steel making;
• Ministry of New and Renewable Energy (MNRE) has announced National Green Hydrogen Mission for green hydrogen production and usage. The steel sector has also been made a stakeholder in the Mission;
• Motor Vehicles (Registration and Functions of Vehicles Scrapping Facility) Rules September 2021, shall increase availability of scrap in the steel sector;
• National Solar Mission launched by MNRE in January 2010 promotes the use of solar energy and also helps reduce the emission of steel industry;
• Perform, Achieve and Trade (PAT) scheme, under National Mission for Enhanced Energy Efficiency, incentivizes steel industry to reduce energy consumption;
• The steel sector has adopted the Best Available Technologies (BAT) available globally, in the modernization & expansions projects;
• Japan’s New Energy and Industrial Technology Development Organization (NEDO) Model Projects for Energy Efficiency Improvement have been implemented in steel plants.

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Source: Ministry of Steel