{"id":109163,"date":"2023-09-06T16:57:24","date_gmt":"2023-09-06T11:27:24","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=109163"},"modified":"2023-09-06T16:57:26","modified_gmt":"2023-09-06T11:27:26","slug":"tata-steel-and-abb-india-together-will-develop-technology-to-lower-the-carbon-footprint-of-the-steelmaking-process","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/tata-steel-and-abb-india-together-will-develop-technology-to-lower-the-carbon-footprint-of-the-steelmaking-process\/","title":{"rendered":"Tata Steel and ABB India together will develop technology to lower the carbon footprint of the steelmaking process"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3246624758\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>ABB India, an automation business, and Tata Steel have teamed up to develop technology that would lessen the carbon impact of steel production.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-753667344\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>In its Indian operations, the steelmaker has set a medium-term goal to cut carbon emissions to under two tonnes of CO2 per tonne of crude steel by 2025, according to a statement from ABB India.<\/p><p>&#8220;<strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/TATASTEEL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Tata Steel Ltd<\/a><\/strong> and <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/ABB\/standalone?defaul=true\" target=\"_blank\" rel=\"noreferrer noopener\">ABB India<\/a><\/strong> have signed a Memorandum of Understanding (MoU) for a project and will work together to co-create innovative models and technologies to help reduce the carbon footprint of steel production,&#8221; the statement said.<\/p><p>Under the MoU, the two businesses will concentrate on system-level analyses of Tata Steel&#8217;s production and manufacturing facilities in order to evaluate and jointly create short- and long-term alternatives for energy efficiency, decarbonization, and circularity.<\/p><div class=\"trade-content_5\" id=\"trade-3035755484\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>ABB and Tata Steel will explore energy optimization via hydrogen as an alternative fuel for upstream processes and energy reduction as well as substitution through fully integrated electrification and digital systems.<\/p><p>Globally the iron and steel industry accounts for around 8-9 per cent of total CO2 emissions on an annual basis, whereas in India, it contributes 12 per cent to the total CO2 emissions.<\/p><p>In light of the agreements made at the COP26 climate change summit, the Indian steel sector must significantly reduce its emissions.<\/p><p>On Wednesday, ABB India Ltd shares closed 1.06% up at Rs. 4,488 and Tata Steel company shares closed at 1.7% down at Rs. 129.45 on NSE.<\/p><div class=\"trade-after-content\" id=\"trade-2298395206\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>ABB India, an automation business, and Tata Steel have teamed up to develop technology that would lessen the carbon impact of steel production. In its Indian operations, the steelmaker has set a medium-term goal to cut carbon emissions to under two tonnes of CO2 per tonne of crude steel by 2025, according to a statement [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":19624,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-109163","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tata Steel and ABB India together will develop technology to lower the carbon footprint of the steelmaking process - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"ABB India, an automation business, and Tata Steel have teamed up to develop technology that would lessen the carbon impact of steel production.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/tata-steel-and-abb-india-together-will-develop-technology-to-lower-the-carbon-footprint-of-the-steelmaking-process\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tata Steel and ABB India together will develop technology to lower the carbon footprint of the steelmaking process\" \/>\n<meta property=\"og:description\" content=\"ABB India, an automation business, and Tata Steel have teamed up to develop technology that would lessen the carbon impact of steel production.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/tata-steel-and-abb-india-together-will-develop-technology-to-lower-the-carbon-footprint-of-the-steelmaking-process\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-06T11:27:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-06T11:27:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Tata-Steel-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/tata-steel-and-abb-india-together-will-develop-technology-to-lower-the-carbon-footprint-of-the-steelmaking-process\/\",\"url\":\"https:\/\/tradebrains.in\/features\/tata-steel-and-abb-india-together-will-develop-technology-to-lower-the-carbon-footprint-of-the-steelmaking-process\/\",\"name\":\"Tata Steel and ABB India together will develop technology to lower the carbon footprint of the steelmaking process - 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