JSW Steel has signed a memorandum of understanding (MOU) with US-based finance technology firm Smartex to explore low-emission steel production, aiming at decarbonizing the Indian steel sector.
Under the MOU, the two companies will explore the potential to promote innovation and turnkey approaches--from financing, to technology availability and market access.
With India being the second largest steel producer, the country is responsible for over 10% of carbon emissions from energy systems. Decarbonizing steel production is not easy, with solutions either commercially unviable or in early development stages, JSW Steel said in a statement.
Read more from Steel Times International
Date posted 17/10/2022
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