(CercleFinance.com) – ArcelorMittal Nippon Steel India (AM/NS India) – a joint venture between ArcelorMittal and Nippon Steel, two of the world’s leading steelmakers – presents a series of actions in favor of accelerated and decarbonized development of India .
AM/NS India aims to reduce emissions intensity by 20% by 2030 with a roadmap of actions across the entire steel production value chain.
The company aims in particular to strengthen renewable energy to meet 100% of the grid’s electricity needs or to double the recycling of scrap steel through new and improved supply and processing facilities.
The report highlights a pivotal moment for India’s steel sector as the country targets a $5 trillion economy and the world’s third-largest economy by 2026-27.
‘As our company and our country grow, we are committed to meeting the challenge of decoupling development and emissions. Without transforming steel production, research indicates that growing demand could lead to a 200% increase in emissions from the sector by 2050,’ commented Aditya Mittal, president of ArcelorMittal Nippon Steel India (AM/NS India). ).
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