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Home  /   Forum   /   Arcelor Mittal   /   Nieuws en info hier plaatsen (deel 4)

Aandeel ArcelorMittal AEX:MT.NL, LU1598757687

Laatste koers (eur) Verschil Volume
23,990   +0,080   (+0,33%) Dagrange 23,540 - 24,160 1.720.391   Gem. (3M) 2,3M

Nieuws en info hier plaatsen (deel 4)

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35.173 Posts
Pagina: «« 1 ... 1642 1643 1644 1645 1646 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 7 december 2022 07:05
    SAIL DSP Bags Sustain Awards 2022 for Industrial Water Management

    Strategic Research Institute
    Published on :
    7 Dec, 2022, 5:38 am

    Steel Authority of India Limited’s Durgapur Steel Plant has won first place in Sustain Awards 2022 In Industrial Water Management in Best Large Companies category in Ganga region states. The recent felicitation program highlighted best practices across industries in the field of Industrial water management in Gangetic regions comprising states of Bihar, Uttarakhand & West Bengal

    SAIL DSP Director In-charge Mr BP Singh received award at ceremony jointly instituted by Indo-German Chamber of Commerce and GIZ India.

    DSP was selected for the award on being subjected to a three-tier screening process consisting of submission of application with preliminary information, screening of application and submission of relevant documents for assessment as per assessment parameters, on-site assessment and review of a selected application for jury decision.

    The jury members were highly impressed with the best practices and facilities prevalent at Durgapur Steel Plant comprising Elaborate Effluent Treatment Plants at process units for treatment of waste water & further recycling them back into the system with 93 % recycling efficiency; well-equipped five environmental laboratories inside plant premises; using evolving water efficient processes for maximizing rainwater harvesting; conducting frequent water audits followed by implementing suggestions & recommendations of the audit reports; developing eleven model villages in periphery areas of Durgapur aimed at improving social quality, free medical health care for people below poverty line and promoting renewable energy through installation of rooftop solar units on major buildings of DSP thereby approximately achieving 7% savings in electrical energy consumption in 2021-22 for water management compared to 2019-20 figures.
  2. forum rang 10 voda 7 december 2022 07:05
    SSAB & TRIWA Present Watch Made Using Fossil-Free Steel

    Strategic Research Institute
    Published on :
    7 Dec, 2022, 5:39 am

    Swedish green steel pioneer SSAB and TRIWA have presented the world's first watch made using fossil-free steel. The unique watch, named Time for Decarbonization, has been created using fossil-free steel powder. After a quick detour to the UN Climate Change Conference COP27 a short while ago, the watch was launched on 6 December. The first drop has been limited to 20 watches, with the aim to scale up production in May 2023.

    The watch case is made using fossil-free steel powder from SSAB Oxelösund and comes in two different versions, with either an automatic or quartz movement. The dial color scheme and the oversized hour markers and hands have been inspired by SSAB´s steel production.

    TRIWA, founded in 2007, is an acronym for Transforming the Industry of Watches. It believes a watch can be a statement symbol for change and creates watches with stories that transcend style, trends and status and chooses to work with innovative materials, organizations and ambassadors that care about creating a better world. With its mission Time for Change, TRIWA has previously launched Time for Peace watches made from recycled illegal firearms and Time for Oceans, made from recycled ocean plastic. In 2020, TRIWA made carbon footprint calculations on all its products and identified steel as the biggest polluter. In pursuit of solutions, TRIWA came across Swedish steelmaker SSAB and the idea Time for Decarbonization was born.
  3. forum rang 10 voda 7 december 2022 07:06
    ArcelorMittal Hamburg Optimizes Wire Rod Production with AI

    Strategic Research Institute
    Published on :
    7 Dec, 2022, 5:39 am

    ArcelorMittal Hamburg uses artificial intelligence that controls the trimming process in wire rod production optimized. As a result, the proportion of scrap in total production is reduced and product quality is increased. The optimization result was jointly developed by ArcelorMittal and the Berlin-based company Smart Steel Technologies in intensive cooperation. The AI software uses parameters from current and historical production processes and calculates the optimal cutting time in fractions of a second.

    Due to the process, the quality and geometry of each wire rod at the beginning and end is lower than in the middle piece, the fillet. Therefore, the head and foot of the wire are cut off with the help of scissors. The resulting trim scrap leads to a loss of output. The use of AI reduces this trim scrap by 20%. This leads to savings specific CO2 emissions as well as electricity and gas consumption. In addition, ArcelorMittal has the certainty that: the wire rod is of the best possible quality.
    Bijlage:
  4. forum rang 10 voda 7 december 2022 07:07
    Salzgitter & ENGIE Sign Renewable Energy PPA for 3 Years

    Strategic Research Institute
    Published on :
    7 Dec, 2022, 5:40 am

    German steelmaker Salzgitter and Europe’s leading renewable energy supplier ENGIE have concluded a Power Purchase Agreement. The agreement covers the supply of 250 GWh of electricity per year. The contract starts in 2023 and runs until the end of 2025.

    The electricity comes from ten onshore wind farms throughout Germany. Some of these are wind farms that no longer receive support under the Renewable Energy Sources Act. These wind farms will thus remain available for the energy turnaround after the expiry of the EEG subsidy. Another part of the electricity comes from new plants connected to the grid at the end of 2021.

    With the mix of this PPA, which consists of wind farms located in very different regions with very different start-up dates and thus different technology standards of the respective wind turbines, Salzgitter is aiming for the highest possible availability of wind onshore electricity
  5. forum rang 10 voda 7 december 2022 07:08
    Gestamp Acquires Stake in Gescrap to Enhance its ESG Plans

    Strategic Research Institute
    Published on :
    7 Dec, 2022, 5:40 am

    Global specialist in the design, development and manufacture of highly engineered metal components for the automobile industry Gestamp has acquired 33.3% stake in the Gescrap Group. Gescrap is a multinational company founded in 1994 dedicated to the recycling of metals and total waste management for the industry and is the European leader in the management of high-quality scrap.

    Gestamp has a circular economy business model that promotes responsible practices in waste treatment. More than 98% of Gestamp's waste is recycled, reused and recovered instead of being deposited in landfills. The Gescrap operation enhances Gestamp's contribution to this circular economy.

    Gestamp shows a multitude of approaches to the circular economy: from R&D teams that design components with reduced material consumption and less waste processes, to the use of green energy for production (green PPAs have been signed with, among others, Naturgy and Cemig with more to come in 2023). The strategic investment in Gescrap will be an additional lever with which Gestamp will be able to enhance the circularity of its business model, promoting the use of its scrap as a secondary raw material in the production of low-emission steel.”
  6. forum rang 10 voda 7 december 2022 07:09
    HADEED Buoyant over Steel Demand Prospects in Saudi Arabia

    Strategic Research Institute
    Published on :
    7 Dec, 2022, 5:41 am

    Argaam reported that Saudi Iron & Steel Co HADEED President Mr Saleh Al Ansari told Argaam in an interview that the iron and steel industry is closely linked to countries’ economic conditions and he is expecting a promising future for demand in the Kingdom, especially as work is going around the clock on mega projects, in tandem with Saudi Vision 2030. He told “It is also largely connected to different business sectors, mainly building and construction, contracting and infrastructure. It is also related to car manufacturing, military industries, oil and gas industry, renewable energy and other value-added industries.”

    He said “To this extent, we expect a promising future for demand in the Kingdom, particularly as work is going around the clock on mega projects, in tandem with Saudi Vision 2030. Several projects were launched in 2016, including NEOM, The Red Sea Project, Qiddiya, and other residential and tourism projects. As the Kingdom has already embarked on the implementation of the Vision 2030 projects, the Kingdom’s iron and steel industry will have a promising future.”

    Hadeed started its journey in 1979, when the company’s production capacity of long products reached 850,000 tonnes. In 1988, the capacity was ramped up to 1.2 million tonnes. In 1998, the company added a production line of flat products with a capacity of one million tonnes. The production capacity of all products was raised in the last few years to 5.8 million tonnes, 3.8 million tonnes and 2 million tonnes of long and flat products, respectively.
  7. forum rang 10 voda 7 december 2022 07:10
    ArcelorMittal Acquires Dutch Steel Scrap Recycler Riwald Recycling

    Strategic Research Institute
    Published on :
    7 Dec, 2022, 5:41 am

    ArcelorMittal has acquired Riwald Recycling, a state-of-the-art ferrous scrap metal recycling business based in the Netherlands. Riwald Recycling was founded in 1989. It operates two fully certified scrap metal yards in Almelo and Beverwijk in the Netherlands, both of which have direct port access.

    Riwald processed over 330,000 tonnes of ferrous scrap metal in 2021. It sources material from a wide range of suppliers including industrial companies, OEMs, demolition companies, traders, car dismantling companies and regional and national government. Riwald utilises high-specification technical equipment in the separation of materials. This ensures a high purity of materials at the end of the process and maximizes the recovery from all types of scrap and waste it collects.

    Transaction signing occurred on 6 December with closing, which is subject to customary regulatory approvals, expected by the end of January 2023.
    Bijlage:
  8. forum rang 10 voda 7 december 2022 07:10
    LIBERTY Galati to Undertake Maintenance of Blast Furnace 5

    Strategic Research Institute
    Published on :
    7 Dec, 2022, 5:42 am

    Romania’s leading steelmaker LIBERTY Galati will begin a RON 18.3 million care and maintenance program for Blast Furnace No 5, which last year produced 2.3 million tonnes last year, this week. The program, which is expected to run until the beginning of next year, will significantly improve the safety, stability, reliability and energy usage performance of the furnace. The timing of the program, with steel demand across Europe impacted by macro-economic issues, will allow Galati to make the improvements to its production processes without impacting customer delivery.

    LIBERTY Galati said “Work during the care and maintenance period will involve the replacement of the wear plates and two of the BLT gears, unblocking the skip pit and the BF scrubber as well as cleaning the BF shaft and top platforms.”

    The company plans to continue downstream rolling as normal, having accumulated slab stocks ahead of the maintenance, so deliveries to customers will not be affected. It added “LIBERTY Galati’s rolling mills will remain in full production as the business continues to serve its customers as normal. It will continue to review its pricing strategy to ensure its sales maintain an effective contribution.”
  9. forum rang 10 voda 7 december 2022 07:11
    Ukraine’s NSDC Sanctions Metinvest Shareholder Mr Vadim Novinsky

    Strategic Research Institute
    Published on :
    7 Dec, 2022, 5:42 am

    National Security and Defense Council of Ukraine imposed sanctions against former MP Mr Vadim Novinsky on 2 December. Ukrainian President Mr Zelensky, by his decree, put into effect the decision of the National Security and Defense Council on certain aspects of the activities of religious organizations in Ukraine and the application of personal special economic and other restrictive measures.

    Ukraine’s leading steelmaker Metinvest has clarified that sanctions on Mr Novinsky, who is one of the shareholders of the Metinvest mining and metallurgical group, will not affect the group's activities. Metinvest said “Metinvest Group states that the sanctions imposed by the National Security and Defense Council of Ukraine against Mr Vadim Novinsky are personal and will in no way affect stable operations of the Group's enterprises. Mr Novinsky indirectly owns 23.76% of Metinvest BV's shares, is not an ultimate beneficial owner of the company, and does not exercise actual control over it.”

    Metinvest added “At the same time, Metinvest will continue its operations, including the shipment of its products to customers and timely payment of remuneration to its employees. Also, despite Russia's military invasion of Ukraine, the Group will not stop fulfilling all its social obligations and will continue to pay taxes, support the Armed Forces of Ukraine as part of the Mr Rinat Akhmetov's Steel Front initiative, and aid Ukrainian civilians as part of the Saving Lives humanitarian effort.”

    According to the statement, over the nine months of the war, Metinvest has spent and donated UAH 2.2 billion to assist Ukraine and Ukrainians, including UAH 1.4 billion to support the country's defense forces fighting the aggressor. The Group has paid almost UAH 18 billion in taxes and fees to budgets at all levels in Ukraine over the first nine months of 2022 (including associated companies and joint ventures).

    Metinvest is a vertically integrated group of mining and metallurgical enterprises. The group's enterprises are located mainly in the Donetsk, Luhansk, Zaporizhia and Dnipropetrovsk regions. The main shareholders of the holding are the SCM group (71.24%) and Vadim Novinsky's Smart Holding (23.76%), which jointly managed it.
  10. forum rang 10 voda 7 december 2022 07:23
    US Steel Kosice Shuts Second Blast Furnace

    Strategic Research Institute
    Published on :
    7 Dec, 2022, 5:43 am

    TASR reported that Slovakian steelmaker US Steel Kosice has shut the second of its three blast furnaces until early next year as it faces high energy costs and a drop in demand and currently has only one of three blast furnaces in operation. US Steel spokesman Mr Ján Baca told TASR “On December 2, the management of US Steel Košice decided to temporarily shut down blast furnace number one due to very high energy prices, low market demand and a sharp increase in steel imports. We expect to resume the operation of the two blast furnaces at the beginning of 2023.”

    Already in September, the company shut down blast furnace number two, which was originally supposed to last only 60 days. In mid-November, steel mills also introduced reduced working hours until the end of the year. Mr Baca had told TASR at that time “We have operations that would produce a loss under current conditions. The costs of raw materials and especially of energy have increased extremely, and on the contrary, the prices of steel products have fallen substantially. We are therefore saving in every possible place and project in order to overcome this difficult period.”

    According to information published by the United States Steel Corporation, the US Steel Europe segment, which includes the Košice steel mills, reported a loss before interest and taxes of USD 32 million for the third quarter of this year. For comparison, in the third quarter of last year, on the contrary, it was a profit at the level of USD 394 million.
  11. forum rang 10 voda 7 december 2022 07:24
    Korean Shipbuilders Seek 20% Price Cut for Steel Plates

    Strategic Research Institute
    Published on :
    7 Dec, 2022, 5:43 am

    Pulse News reported that South Korea’s shipbuilders Korea Shipbuilding & Offshore Engineering, Daewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries are demanding steelmakers to cut the price of steel plates as raw material costs have fallen this month. The shipbuilding and steel industries negotiate the price of steel plates every six months and apply the agreed price retroactively on their financials. The shipbuilding industry argues that price adjustment is inevitable as steel plate prices increased in the last three half-year period since 2021.

    In the first half of this year, steel plate prices doubled compared to the same period last year. South Korea’s shipbuilders had agreed in August for KRW 1.15 million (USD 980) per tonne for second half of 2022 as compared to earlier price of KRW 700,000 (USD 600). However, the recent weak Korean won offset any impact from a decline in iron ore prices

    Steel plates that are over 6mm in thick, which are used to the make hulls of ships, account for about 20 percent of shipbuilding costs.

    World’s top shipbuilders in South Korean have fallen far behind their Chinese rivals in terms of new global orders in November to rank second in the world. According to data provided by global market researcher Clarkson Research Service, South Korean shipbuilders won a combined 1.08 million compensated gross tons in new orders as compared to 1.56 million CGTs by Chinese shipyards. In the January-November period, new shipbuilding orders around the globe sank 23% YoY to 39.11 million CGTs, with China taking the top spot with 18.48 million CGTs or 47% of the world total & South Korea obtaining 15.75 million CGTs or 42%.
  12. forum rang 10 voda 7 december 2022 07:27
    China Opposes Climate Based Tariffs on Chinese Steel & Aluminium

    Strategic Research Institute
    Published on :
    7 Dec, 2022, 5:44 am

    Sputnik reported that China has opposed the introduction of unilateral tariffs that do not benefit anyone, including possible plans of the United States and the European Union to impose new duties on Chinese steel and aluminum. Chinese Foreign Ministry spokeswoman Ms Mao Ning said “China has always opposed violations of the WTO rules and unilateral imposition of illegal tariffs that do not benefit anyone. China will take all necessary measures to protect its legitimate rights and interests.”

    Bloomberg, citing people familiar with the matter, reported that the US and European Union are weighing new tariffs on Chinese steel and aluminium as part of a bid to fight carbon emissions and global overcapacity. The report quoted sources as saying that “The idea, generated within US President Joe Biden’s administration, is still in an initial phase and has not been formally proposed. The new framework, which builds on a related US-EU agreement last year, is mainly aimed at China, the world’s biggest carbon emitter and producer of steel and aluminium, as well as other large polluting nations.”

    They added “An agreement with the EU, including specifics on how to identify thresholds for applying tariffs, is not likely until late next year at the earliest, even that timeline was optimistic.”
  13. forum rang 10 voda 7 december 2022 07:27
    Steel Ministry Seeks Zero Import Duties on Steel Input Materials
    I
    Strategic Research Institute
    Published on :
    7 Dec, 2022, 5:44 am

    Reuters reported that India's Steel Ministry has asked the Finance Ministry for a waiver of import tax on steelmaking input materials, including coking coal in the next budget. The report quoted a source as saying that “The ministry's plan to scrap the tax on coking coal, limestone, manganese ore, steel scrap, graphite electrodes, chrome ore, and ferronickel has been sent to the finance ministry. The idea is to import raw materials, whichever is available, at the lowest possible import duty. We have asked for a waiver, complete removal."

    The proposal to scrap levies ranging from 2.5% to 7.5% comes ahead of the national budget for 2023/24 set to be unveiled in February.
  14. forum rang 10 voda 7 december 2022 07:28
    Nippon & JFE Steel Plan to Increase Output of Electric Vehicles

    Strategic Research Institute
    Published on :
    7 Dec, 2022, 5:45 am

    Bloomberg reported that Japan’s two biggest steelmakers Nippon Steel and JFE Holdings, which are already spending a combined JPY 172 billion (USD 1.3 billion) to lift output of electrical steel used in EV motors, may accelerate investment as electrical steel is becoming increasingly sought after as the shift to electric vehicles gathers pace. Nippon Steel’s Executive Vice President Mr Takahiro Mori said “Considering the trajectory of the EV transition, it looks like supply will be insufficient. Customers are asking us to increase the capacity, so additional steps are now under consideration. Nippon Steel is mulling expansion beyond 2024, when it’s due to complete a 50% increase in production capacity for electrical steels.”

    JFE Steel’s Chief Financial Officer Mr Masashi Terahata said “JFE will consider further steps beyond a planned doubling of capacity by September 2024. JFE will consider options including building a plant in North America or other regions where demand will be strong.”

    Electrical steels have enhanced magnetic properties and help limit energy loss in EV motors, and are also used in power-generation equipment and mobile phones. There are only a relatively small number of producers of electrical steels and there are significant barriers to entry.
  15. forum rang 10 voda 7 december 2022 07:29
    JSW Steel Flags Issues in Coking Coal Pricing Assessment

    Strategic Research Institute
    Published on :
    7 Dec, 2022, 5:45 am

    The Mint reported that JSW Steel has flagged serious issues in the price discovery process of coking coal by Platts. JSW Steel’s Joint Managing Director Mr Seshagiri Rao claimed that “Deals between related parties were being included in Platt’s price assessments. This leads to price distortion, as steel makers fix long-term contracts with metallurgical coal suppliers based on the Platts price index for the commodity.”

    Mr Rao said “Platts is reported to have a governance framework, in line with Principles for Price Reporting Agencies as published by IOSCO. However, it is a matter of concern as it is learnt that the deals between certain coal suppliers and their sister trading companies or trader-to-trader bids and offers with no actual deal are also registered for assessment & evaluation of reported index price. This is expected to create distortion or misrepresentation in index price.”

    S&P Global’s Platts, a provider of price and information about energy and commodities, however, defended its price assessment methodology. Iron ore and coking coal are the primary raw materials used by steelmakers.

    International Organization of Securities Commissions, the international body of the world’s securities regulators, is the global standard setter for the securities sector.
  16. forum rang 10 voda 7 december 2022 07:34
    Rio Tinto Progresses Strategy to Strengthen & Decarbonise

    Strategic Research Institute
    Published on :
    7 Dec, 2022, 4:31 am

    Rio Tinto is providing an update at its Investor Seminar on progress against its long-term strategy to strengthen the business, grow in a decarbonising world and continue to deliver attractive shareholder returns. Updates will include Rio Tinto’s market outlook, with the energy transition expected to add as much as 25% in new demand above traditional sources on a copper equivalent basis across the Group's key products by 2035. Rio Tinto is targeting investment of up to AUD 3 billion per year in growth to meet this demand, including the Oyu Tolgoi copper, Rincon lithium and Simandou iron ore projects.

    There are now 30 deployments of the Rio Tinto Safe Production System across 16 sites. Roll-outs are ongoing to continuously improve safety, drive employee satisfaction and lift operational performance across Rio Tinto’s global portfolio, delivering benefits such as up to 5 million tonnes of production uplift expected at the Group’s Pilbara iron ore assets in 2023.

    Executives will outline projects underway to meet challenging decarbonisation targets to halve Scope 1 & 2 emissions by 2030, on the road to net zero by 2050. Six large emissions abatement programmes are focused on renewable power, process heat, diesel and the ELYSISTM zero carbon aluminium smelting technology to drive the transition to net zero by 2050, supported by high-quality nature based solutions.

    Investments of around AUD 7.5 billion are expected between 2022 and 2030, including around AUD 1.5 billion over the next three years which will be back-end dated. Investments are being prioritised and phased in the most logical way, with consideration for near-term work around energy inputs and attractive economics. New long-term power contracts will also be required for the aluminium business to meet targets. Incremental operating expenditure on building new teams and energy efficiency initiatives remains around AUD 200 million per year, in addition to research.
    Bijlage:
  17. forum rang 10 voda 8 december 2022 07:31
    EU Industry Needs Pragmatic Regulatory Framework for Hydrogen

    Strategic Research Institute
    Published on :
    8 Dec, 2022, 5:35 am

    European steel association EUROFER announced that Europe’s 18 industry associations have welcomed the publication of the drafts for the outstanding RED II Delegated Acts on Article 27.3 and Article 28.5 (Greenhouse Gas Reduction Methodology) and appreciate the European Commission’s call for feedback. They wrote “For meeting the climate neutrality targets set by the European Green Deal, our sectors crucially depend on the large-scale availability of renewable fuels of non-biological origin, supplied cost-competitively and securely across Europe. The signatories strongly support avoiding the double counting of renewable electricity or emitted greenhouse gases through appropriate certification mechanisms and the establishment of viable sustainability criteria though the RED II Delegated Acts. These shall ensure a clear and certain framework for investments.”

    The letter states “Achieving the Commission's increased ambition levels such as RFNBOs sub-quotas as outlined in the REPowerEU Plan, European Hydrogen Strategy, revision of the Renewable Energy Directive, ReFuelEU Aviation or discussed in FuelEU Maritime require a safe investment environment and sufficient planning certainty for the rapid scale-up of renewable fuels of non-biological origin, hydrogen derivatives such as synthetic fuels, and underlying technologies such as Carbon Capture and Utilisation.”

    They concluded “Overly restrictive requirements, the absence of clear guarantees on the availability of renewable electricity and relevant dedicated infrastructure have the opposite effect of curtailing investments in production capacity and imposing undue administrative burdens. The signatories therefore propose the following changes to the draft acts, which are necessary to enable the market ramp-up and fast decarbonisation.”

    The signatories recommend the European Commission to:

    Art. 27.3 – ‘Additionality’ Delegated Act:

    Prolong the proposed transitional period and grandfathering to at least 2030.

    Extend the geographical correlation beyond the proposed concept, provided there is sufficient or potential interconnection capacity between bidding zones.

    Set at least the proposed monthly temporal correlation as a default. A change to a more granular correlation should be subject to a corresponding Impact Assessment by the Commission.

    Art. 28.5 – GHG methodology/threshold for RFNBO/RCF Delegated Act:

    Reconsider restrictions on industrial CO2 use.

    Broaden the definition of possible CO2 sources limited by carbon pricing requirements.

    Allow RCFs producer to use PPA’s and other measures to replace the electricity displaced by the production of an RCF (and RFNBO) instead of national average grid GHG factors.
  18. forum rang 10 voda 8 december 2022 07:32
    MoU Signed for Carbon Neutral Industrial Complex in Chiba in Japan

    Strategic Research Institute
    Published on :
    8 Dec, 2022, 5:36 am

    Japanese steelmaker JFE Steel, Cosmo Oil, Denka Company, Iwatani Corporation, JNC Corporation, KH Neochem, Maruzen Petrochemical, UBE Elastomer, Ube Material Industries and Yokogawa Electric Corporation have signed a memorandum of understanding on a joint study into activities for the establishment of a carbon neutral industrial complex in the Goi district of Ichihara City and the Soga District of Chiba City in Japan’s Chiba Prefecture of Japan. The project is commissioned by New Energy and Industrial Technology Development Organization

    The Goi and Soga districts form part of the Keiyo Rinkai industrial complex in Chiba, a prefecture adjacent to Tokyo that hosts Japan’s largest concentration of materials and energy companies. The achievement of carbon neutrality at this industrial complex will enhance the overall competitiveness of the companies that maintain operations there and lead the way forward to a sustainable society.

    On the basis of the MoU, Yokogawa and these nine companies that are active in the energy, petrochemical, chemical, steel, materials, and other industries will study the feasibility of the commercialization of activities by the year 2030 that will be required to make the Goi and Soga industrial complex carbon neutral by 2050. These activities are as follows:

    1. Introduction of an inter-industry energy management system to minimize CO2 emissions

    2. The recovery and effective utilization of CO2 through inter-industry collaboration

    3. Reduction in CO2 emissions through inter-industry collaboration in the utilization of hydrogen and other gas by-products from existing processes

    Through this cooperation between businesses aiming for sustainable operations and a provider of advanced control systems and energy management systems for industrial processes, the participating companies aim to collectively achieve carbon neutrality at the Goi and Soga industrial complex and thereby lessen their environmental impact, while enhancing their own international competitiveness.

    From February 2021, Yokogawa has been undertaking a project* to examine the feasibility of achieving carbon neutrality through inter-industry collaboration at the Goi industrial complex. The nine other companies, who have operations there, have joined Yokogawa in this undertaking, and Yokogawa has also involved its subsidiaries Yokogawa Solution Service Corporation and KBC Advanced Technologies Limited. Through this study, it has been established that inter-industry collaboration would be more effective than companies working on their own in reducing CO2 emissions, and that the recovered CO2 can be effectively utilized by the companies located within this industrial complex.
  19. forum rang 10 voda 8 december 2022 07:33
    SAIL RSP Bags ENCON Award for Energy Efficiency

    Strategic Research Institute
    Published on :
    8 Dec, 2022, 5:37 am

    Steel Authority of India Limited’s Rourkela Steel Plant has bagged the Energy Conservation Award in the Eastern region ENCON Award 2022 competition held in November by the Confederation of Indian Industry. RSP was adjudged with 4.5-star energy rating which is the best ever for RSP and also the best in SAIL.

    The assessment process has undergone the submission of applications, presentations on energy performance and energy conservation projects implemented during a previous financial year. It was possible due to the consistent effort of the RSP collective towards reducing specific energy consumption and thereby reducing carbon footprint.

    RSP has achieved the best-ever specific energy consumption of 5.99 Gcal/ TCS in FY 2021-22 which is also the best among all SAIL plants.
  20. forum rang 10 voda 8 december 2022 07:34
    Metalloinvest Reconstructs Roasting Machine at OEMK

    Strategic Research Institute
    Published on :
    8 Dec, 2022, 5:37 am

    Russian iron ore miner & steelmaker Metalloinvest has completed the reconstruction of the roasting machine complex of the pelletizing and metallization plant at the Oskol Electrometallurgical Plant. The design capacity of the complex has been increased by more than 10% to 4.5 million tonnes of oxidized pellets per year.

    Metalloinvest's investments in the project amounted to RUB 1.9 billion, excluding VAT.

    Work on the facility began in May 2021. For a year and a half, the sixth technological pelletizing line was built, for which a new building with an area of 1000 square meters was erected. Conveyor equipment was modernized, key units of five operating production lines of the complex were replaced. More than 700 tons of metal structures, 35 types of equipment and mechanisms with a total weight of more than 500 tons were installed, the largest of which is a drum pelletizer weighing 110 tons.
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