Kalyani Group Introduces Green Steel Manufacturing in India
In line with the Government of India’s commitment towards reducing carbon emissions, Kalyani Group company Saarloha Advanced Materials Pvt Ltd (Saarloha) has launched a first-of-its-kind in India, green steel under the brand name ‘Kalyani FeRRESTA’ in the presence of Steel and Civil Aviation Minister Jyotiraditya Scindia.
December 21, 2022. By Manu Tayal
This major milestone makes Saarloha the first supplier of Made in India green steel.
The company said that its green steel products have been manufactured in an Electric Arc Furnace using electricity from 100 per cent of renewable energy sources and more than 70 per cent recycled scrap material with zero GHG footprints.
During the launch event, Jyotiraditya Scindia, Minister of Steel and Civil Aviation, said, “A sunrise day for India’s steel sector, as India initiates green steel production using renewable energy. The Kalyani Ferresta specialty steel plant will herald a new path for producing steel sustainably with near net-zero carbon emission.”
The Minister further added that “the steel sector is the foundational force for the development of the nation. This initiative will help transform the steel sector’s long-standing identity from a carbon emitting “hard to abate sector”, to a reduced carbon emitting-green steel -producing industry. It will also be instrumental in materialising Prime Minister Narendra Modi’s vision of Net Zero by 2070.”
“My best wishes to the Kalyani Group for the trailblazing initiative, and hope that this would serve as a guiding light in the domain of socially-conscious business,” he concluded.
As per the company, Kalyani FeRRESTA PLUS has Net Zero GHG emissions per ton of crude steel whereas Kalyani FeRRESTA has very low GHG emission of <0.19 tCO2e per MT of Crude Steel.
“We are stepping into the era of sustainable development. At Kalyani group, we are committed to reduce our carbon footprints and Kalyani FeRRESTA is a significant step towards realizing the larger vision of achieving carbon neutrality. Green Steel is the future of world economy and given the vast renewable energy potential of India, we can lead from the front,” said Amit Kalyani, Deputy Managing Director, Bharat Forge.
Meanwhile, those customers purchasing Kalyani FeRRESTA and Kalyani FeRRESTA Plus steel products would get Green Steel certificates jointly issued by DNV Business Assurance India Pvt Ltd and Saarloha which they can use to claim their Scope 3 emissions reduction.
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