Tata Steel has signed a Memorandum of Understanding (MoU) with BHP, a leading global resources company, with the intention to jointly study and explore low carbon iron and steelmaking technology. Under the partnership, Tata Steel and BHP intend to collaborate on ways to reduce the emission intensity of the blast furnace steel route, via two priority areas - the use of biomass as a source of energy and the application of carbon capture and utilisation (CCU) in steel production. The partnership aims to help both companies progress toward their climate change goals, and support India’s ambitions to be carbon neutral by 2070.
The technologies explored in this partnership can potentially reduce the emission intensity of integrated steel mills by up to 30 per cent. More importantly, these projects demonstrate how abatements applied to the blast furnace iron-making process, which contributes to more than 60 per cent of India’s steel production, can materially reduce the carbon intensity of the existing capacity. Beyond these projects, Tata Steel and BHP have committed to a robust ongoing knowledge exchange that will see both parties explore further collaborations, ecosystems, and business opportunities in the steel value chain and the research and innovation sectors in both India and Australia.
Tata Steel, the flagship company of the Tata group, is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 company.
