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    500470   INE081A01012

TATA STEEL LIMITED

(500470)
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Tata Steel : commissions India's first plant for CO2 capture from Blast Furnace gas at Jamshedpur

09/14/2021 | 06:22am EDT

Jamshedpur, September 14, 2021

~ The 5 tonnes per day (TPD) carbon capture plant along with its semi commercial use within the steel value chain, makes the Tata Steel Jamshedpur plant unique and first-of-its-kind in the world within the steel industry ~

Tata Steel today commissioned a 5 tonnes per day (TPD) carbon capture plant at its Jamshedpur Works, making it the country's first steel company to adopt such a carbon capture technology that extracts CO2 directly from the Blast Furnace gas. Tata Steel will reuse the captured CO2 on site to promote the circular carbon economy.

This Carbon Capture and Utilisation (CCU) facility uses amine-based technology and makes the captured carbon available for onsite reuse. The depleted CO2 gas is sent back to the gas network with increased calorific value. This project has been executed with the technological support from Carbon Clean, a global leader in low-cost CO2 capture technology.

The CCU plant was inaugurated by T. V. Narendran, CEO & MD, Tata Steel, in the presence of Company officials and other dignitaries.

  1. V. Narendran, CEO & MD, Tata Steel, said: 'In alignment with the Tata group's pioneering values, we have taken this strategic step in our journey towards decarbonisation. We will continue our quest to remain an industry leader in sustainability by setting new benchmarks for a better tomorrow. For the sustainability of the steel industry globally and particularly in a growing country like India, it is essential that we find economical solutions for capturing and use of CO2 at scale. Leadership in mitigating emissions, accessing low-cost clean energy, and providing circular economy solutions will define our sector's journey going forward.'

'The operational experience gathered from this 5 tonnes per day CO2 capture plant will give us the required data and confidence to establish larger carbon capture plants in future. As the next step, we aim to establish scaled up facilities of CO2 capture integrated with utilisation avenues,' he added.

Tata Steel continues to pursue its goal to be the industry leader in sustainability by reducing its CO2 emission intensity and specific freshwater consumption, developing sustainable supply chain, and contributing towards the future circular economy. The Company has undertaken a two-pronged approach of Carbon Direct Avoidance (CDA) and CO2 Capture and Use in pursuit of the decarbonisation goal.

Aniruddha Sharma, CEO, Carbon Clean, said: 'We are delighted to be working with Tata Steel on this breakthrough project. We are currently capturing 5 tonnes of CO2 per day, but following our successful demonstration, we plan to rapidly accelerate the number of carbon capture projects. Capturing CO2 from blast furnace gas will not only decarbonise the steel plants but will also open avenues for hydrogen economy.'

Carbon Capture and Utilisation (CCU) is a key lever in the fight against climate change and global warming. The 'Tata Steel - Carbon Clean' collaboration in the CCU field is a timely initiative and a step towards a sustainable tomorrow.

Over the past few years, Tata Steel has invested in multiple initiatives in harnessing clean and renewable energy, generation and use of Green Hydrogen and adopting waste heat recovery technologies. Tata Steel is a member of ResponsibleSteelTM, the industry's first global multi-stakeholder standard and certification initiative, to further its sustainability goals.

Tata Steel has also made progress in its steel recycling business initiative, which is a definitive step towards sustainable steel production. The Company has set-up its first Steel Recycling plant at Rohtak in Haryana which will enable lower carbon emissions, resource consumption and energy utilisation.

Both, Tata Steel India and Tata Steel Europe have been recognised by the World Steel Association (worldsteel) as Steel Sustainability Champions for four years in a row. The recognition is a testament to Tata Steel's commitment to sustainable business practices.

In September 2020, Tata Steel had joined hands with the Council of Scientific & Industrial Research (CSIR) to work in the field of Carbon Capture, Utilisation & Storage (CCUS), to build a strong ecosystem in the country for meeting the decarbonisation commitments under the Paris Agreement.

About Carbon Clean

Carbon Clean is a global leader in low-cost CO2 capture technology. The company's patented technology significantly reduces the costs and environmental impacts of CO2 separation, when compared to existing techniques.

The technology has been proven at scale in power, cement, refineries, CHP and heavy industry boilers in over 10 locations, including the UK, USA, Germany, India, Norway and the Netherlands. It is currently in use at the world's largest industrial-scale carbon capture and utilisation plant in Tuticorin, India for the chemicals sector. The UK Government has supported Carbon Clean's development of its technology through competitive grants.

The company was awarded a 'Technology Pioneer' award by the World Economic Forum and most recently selected as one of Cemex Ventures Top50 ConTech startups and named a 2021 Global Cleantech 100 company.

About Tata Steel

Tata Steel group is among the top global steel companies with an annual crude steel capacity of 34 million tonnes per annum. It is one of the world's most geographically diversified steel producers, with operations and commercial presence across the world. The group recorded a consolidated turnover of US $21.06 billion in the financial year ending March 31, 2021.

A Great Place to Work-CertifiedTM organisation, Tata Steel Ltd., together with its subsidiaries, associates, and joint ventures, is spread across five continents with an employee base of over 65,000.

Tata Steel has been a part of the DJSI Emerging Markets Index since 2012 and has been consistently ranked amongst top 5 steel companies in the DJSI Corporate Sustainability Assessment since 2016. Besides being a member of ResponsibleSteelTM and worldsteel's Climate Action Programme, Tata Steel has won several awards and recognitions including the World Economic Forum's Global Lighthouse recognition for its Jamshedpur, Kalinganagar and IJmuiden Plants, and Prime Minister's Trophy for the best performing integrated steel plant for 2016-17. The Company, ranked as India's most valuable Metals & Mining brand by Brand Finance, featured amongst CII Top 25 innovative Indian Companies in 2020, received rating of 'A-' (leadership band) from CDP for its Climate Change disclosure and Supply Chain disclosure, Steel Sustainability Champion 2020 recognition from worldsteel, 'Most Ethical Company' award 2021 from Ethisphere Institute, Best Risk Management Framework & Systems Award (2020) from CNBC TV-18, and Award for Excellence in Financial Reporting FY20 from ICAI, among several others.

To know more, visit www.tatasteel.comand WeAlsoMakeTomorrow

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Disclaimer:

Statements in this press release describing the Company's performance may be 'forward looking statements' within the meaning of applicable securities laws and regulations. Actual results may differ materially from those directly or indirectly expressed, inferred or implied. Important factors that could make a difference to the Company's operations include, among others, economic conditions affecting demand/ supply and price conditions in the domestic and overseas markets in which the Company operates, changes in or due to the environment, Government regulations, laws, statutes, judicial pronouncements and/ or other incidental factors.

For media enquiries contact:

Sarvesh Kumar

Chief, Corporate Communications - Tata Steel

E-mail: sarvesh.kumar@tatasteel.com

Disclaimer

Tata Steel Ltd. published this content on 14 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 September 2021 10:21:07 UTC.


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Sales 2022 2 139 B 29 004 M 29 004 M
Net income 2022 367 B 4 979 M 4 979 M
Net Debt 2022 536 B 7 264 M 7 264 M
P/E ratio 2022 4,44x
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