AM/NS India aims to achieve a 100 per cent green grid by 2030 through solar, wind and hydroelectric power investments

 ArcelorMittal Nippon Steel India (AM/NS India), the joint venture between ArcelorMittal S.A. and Nippon Steel, has unveiled its inaugural Climate Action Report, signalling a significant commitment towards accelerating India’s development while mitigating carbon emissions. This statement holds paramount importance for India’s steel sector, aligning with the nation’s ambitious goals of achieving a USD 5 trillion economy and emerging as the world’s third-largest economy by 2026–27.

Aditya Mittal, Chairman of AM/NS India, underscored the challenge of reconciling development with emissions, warning of a potential 200 per cent surge in sector emissions by 2050 without substantial changes in steel production practices. Mittal outlined AM/NS India’s objective to further reduce emission intensity by 20 per cent, unveiling a comprehensive roadmap towards achieving net-zero emissions over the long term. Dilip Oommen, CEO of AM/NS India, reiterated the commitment of both parent companies, ArcelorMittal and Nippon Steel, towards achieving net zero by 2050. He outlined immediate decarbonisation strategies, including efficiency enhancements, greater utilisation of renewable energyand fostering a circular economy by augmenting scrap utilisation in steelmaking.

AM/NS India is poised to bolster scrap utilisation in steelmaking and establish steel scrap processing centers across India, championing circular economic practices. The company also aims to design blast furnace steel plants capable of adopting lower-carbon processes, such as hydrogen-based steelmaking, when feasible. Investing in breakthrough technologies like green hydrogen and carbon capture, utilisation and storage (CCUS), AM/NS India strives to produce net-zero steel. Collaborating with leading energy companies and research institutions, the company explores the applicability of these technologies within the Indian context.

The Climate Action Report advocates for policy measures including clear procurement standards, infrastructure support for a low-carbon economy, tax incentives for green manufacturing and increased foreign direct investment (FDI) in low-carbon steel. Additionally, it emphasises the necessity of augmenting research and development in hydrogen technology and reducing the cost of hydrogen production. Immediate decarbonisation efforts involve enhancing operational efficiency, deploying cleaner energy recuperation methodsand integrating advanced digitalisation technologies. AM/NS India aims to achieve a 100 percent green grid by 2030 through investments in solar, wind and hydroelectric power.

Furthermore, AM/NS India supports the XCarb India Accelerator Programme, a collaboration between ArcelorMittal and IIT Madras, aimed at advancing clean technology innovations originating from India.