-3.10 (-1.65%) Tata Steel has unveiled ‘ground-breaking’ new sustainable technology. This technology could save half the amount of carbon dioxide released during steelmaking following tests at its Ijmuiden site in the Netherlands.
Its HIsarna technology for producing iron consists of a reactor in which iron ore is injected at the top. The ore is liquefied in a high-temperature cyclone and drips to the bottom of the reactor where powder coal is injected. This will reduce the number of energy-intensive steps required for the traditional steelmaking process.
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.