SMS group and JSW Steel Sign MOU for Carbon Reduction Projects

#SMSGroup #JSWSteel #SteelProductionTechnologies #SajjanJindal

Source: SMS Group

“While the steel industry accounts for 0.7 percent of the world’s economic output, it also contributes 7 percent towards global emissions. We need a new transformative approach focused on green steel. With SMS group as our technology partner, we are on our way to turning metals green across the globe.” - Sajjan Jindal, Chairman & MD, JSW Steel

September 2022 : JSW Steel, the flagship company of the $22 billion JSW Group, has signed a memorandum of understanding (MOU) with SMS Group to explore multiple cutting-edge solutions and R&D projects to reduce carbon emissions in its iron and steel making operations in India.

SMS Group, a world leader in iron and steel production technologies, will support JSW Steel in India in improving its operational efficiency and environmental performance. The MOU also sets out an agenda for discussions about future areas of cooperation with the greatest potential.

Through this partnership, both businesses will be able to jointly look for ways of lowering carbon emissions and manufacturing green steel in a challenging industry.

Sajjan Jindal, Chairman & MD, JSW Steel said, “While the steel industry accounts for 0.7 percent of the world’s economic output, it also contributes seven percent towards global emissions. We need a new transformative approach focused on green steel. With SMS group as our technology partner, we are on our way to turning metals green across the globe.”

“We are also committed to building and continually upgrading all our plants using the latest technologies available, thereby ensuring a safe, secure and healthy future for all our stakeholders and communities. Achieving net zero in the steel industry will require major upgrades and capital investments in steel mills, and the initiative will have to be taken at both an industry and policy level,” Sajjan Jindal added.

Burkhard Dahmen, CEO and Chairman of the Managing Board of SMS group, said, “Our know-how and experience in metallurgy combined with our digital expertise and plant technology are enabling SMS group and JSW Steel to create a greener metals industry.”

SMS group is renowned worldwide for its future-oriented technologies and outstanding service for the metals industry. The company applies its 150 years of experience and its digital know-how to provide the industry continuously with innovative products and processes – even beyond its core business – and generates worldwide sales of around 2.6 billion euros. SMS is the right partner for challenging projects, and supports its customers throughout the lifecycle of their plants, enabling profitable and resource-efficient value creation chains. Paving the way for a carbon-neutral and sustainable metals industry is the company’s stated goal. As a global player with German roots, SMS takes responsibility for its 14,500 employees.

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