Saarloha Advanced Materials (SAP), a Kalyani group company, launched the first of its kind green steel in the country under the brand 'KALYANI FeRRESTA' in the presence of Jyotiraditya Scindia, Minister of Steel & Civil Aviation and Faggan Singh Kulaste, Minister of State for Steel & Rural Development.
Customers purchasing KALYANI FeRRESTA and KALYANI FeRRESTA PLUS steel products will get Green Steel certificates jointly issued by DNV Business Assurance India and Saarloha, which they can use to claim their Scope 3 emissions reduction. Notably, the automotive sector is a big consumer of steel.
This makes Saarloha the first supplier of Made in India green steel. The company says the move enables it to contribute towards the Government of India’s commitments to reduce carbon emissions by 45% by 2030, over 2005 levels, and to become a net zero emissions country by 2070.
Amit Kalyani, Deputy Managing Director, Bharat Forge, said, “We are stepping into the era of sustainable development. At Kalyani group, we are committed to reducing our carbon footprints and KALYANI FeRRESTA is a significant step towards realising the larger vision of achieving carbon neutrality. Green Steel is the future of the world economy and given the vast renewable energy potential of India, we can lead from the front.”
KALYANI FeRRESTA steel products are manufactured in an electric arc furnace using electricity from 100% renewable energy sources and more than 70% recycled scrap material with zero GHG footprints.
KALYANI FeRRESTA PLUS has Net Zero GHG emissions per tonne of Crude steel, while KALYANI FeRRESTA has very low GHG emissions of <0.19t CO2e (Carbon dioxide equivalent) per MT of crude steel.
At the launch, Scindia said, “A sunrise day for India’s steel sector, as India initiates green steel production using renewable energy. The Kalyani Ferresta speciality steel plant will herald a new path for producing steel sustainably with near-net zero carbon emission.”
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