SMS Group and the Indian state-owned company SAIL (Steel Authority of India Limited) have signed a Memorandum of Understanding expressing their intention to cooperate for sustainable, decarbonized steel production.
Both companies are thus underlining their commitment to driving forward developments focused on the implementation of long-term sustainable steelmaking methods. The focus is on decarbonizing steelmaking at the integrated steel mills that SAIL operates across India.
The aim of this partnership is to jointly meet the challenges arising from the necessary reduction in CO2 emissions and to make the steel industry as a whole more environmentally compatible. In this context, the SMS Group will contribute its technological know-how in the field of design, engineering and supply of equipment as well as provide technical support for erection and commissioning projects in the Indian steel mills operated by SAIL.
The signing ceremony took place on August 3, 2023 at the SAIL Management Training Institute (MTI) in Ranchi in the state of Jharkhand and marks a significant milestone in the cooperation between SMS group and SAIL. It is a positive step towards promoting innovation and sustainability in the steel industry and underlines the commitment of both companies to contribute to India’s environmental and economic goals.
“We are very proud to partner alongside a state-owned company responsible for steel production in India and look forward to future collaboration,” said Marco Asquini, CEO of SMS Group’s APAC & MEA region. “This is a significant milestone for the decarbonization of the Indian steel industry and is fully in line with our Turningmetalsgreen mission.”
Shri Saumya Tokdar, CGM at SAIL’s Bhilai steel plant, said, “SAIL is actively seeking solutions to implement the transition to green steelmaking to contribute to a sustainable future. We are pleased to reaffirm our partnership with SMS group and will continue to deepen this collaboration to access better technologies and processes to sustainably reduce our carbon footprint.”