In a significant step towards reducing carbon emissions in the steel industry, Matrix Metals, a Raipur-based company, is set to launch a green steel pilot project using hydrogen instead of coal. The project, touted as a game-changer for the steel industry, will utilize hydrogen-based direct reduced iron (DRI) technology to produce steel.
This innovative approach aims to minimize greenhouse gas emissions and promote sustainable steel production. Matrix Metals has partnered with leading research institutions and technology providers to develop this cutting-edge technology. The pilot project will be set up at Raipur, with an initial investment of ₹50 crore.
“We are committed to reducing our carbon footprint and promoting sustainable steel production,” said Sanjay Kumar, Managing Director, Matrix Metals. “This pilot project marks a significant step towards achieving our goal of producing green steel.”
The use of hydrogen in steel production is expected to reduce carbon emissions by up to 80%. This technology has gained traction globally, with several steel majors investing in hydrogen-based production.
The Indian government has set ambitious targets to reduce carbon emissions, and the steel industry is a significant contributor to the country’s greenhouse gas emissions. The steel sector accounts for around 12% of India’s total emissions.
“India has the potential to become a leader in green steel production,” said VK Saraswat, Member, NITI Aayog. “Initiatives like Matrix Metals’ pilot project will pave the way for sustainable steel production and help achieve our climate goals.”
The pilot project is expected to commence operations within the next 12 months and will produce 50,000 tonnes of green steel annually. Matrix Metals plans to scale up production to 1 million tonnes per annum within the next five years.
Industry experts view this development as a significant step towards transforming the steel industry. “The use of hydrogen in steel production is a revolutionary concept,” said Amitabh Kumar, research analyst at ICICI Securities. “Matrix Metals’ pilot project will demonstrate the feasibility of green steel production in India.”
As India strives to reduce its carbon footprint, innovative initiatives like Matrix Metals’ green steel pilot project are expected to play a crucial role in promoting sustainable industrial growth. The success of this project will encourage other steel producers to adopt similar technologies, driving the industry towards a more sustainable future.
With its commitment to green steel production, Matrix Metals is poised to become a leader in India’s steel industry, setting a new benchmark for sustainability and environmental responsibility. Matrix Metals is a global leader in the manufacturing of high-quality steel castings, serving industries such as mining, oil and gas, construction, and transportation. With foundries located in strategic regions like the United States, Mexico, and India, the company is known for its advanced metallurgical capabilities and commitment to delivering durable, precision-engineered castings.
Matrix Metals specializes in providing customized solutions to meet the specific needs of its clients, leveraging its deep expertise in casting technology and quality assurance. Its innovative approach and focus on customer satisfaction have established Matrix Metals as a trusted partner in the global metals industry.
