Tata Steel has announced its ambition to become a carbon neutral producer of steel to the oil and gas industry from 2050 at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC)
The company aims to develop breakthrough technologies and nurture innovations which have the potential to change the way steel is produced for the industry.
Barry Rust, marketing manager for energy and sustainability, said, ?During the last 30 years we have reduced our CO2 emissions per tonne by about 20 per cent but our ambition is to continuously improve our production processes and efficiencies to become a carbon-neutral steelmaker.?
?The Paris Agreement, which called for average temperatures to be maintained below 2?C above pre-industrial levels, is driving CO2 reductions globally and the steelmaking industry has a collective responsibility to support this drive. At Tata Steel, we?re showing our ambition by making significant investments in innovation as part of our strategy to build a business that is sustainable in every sense.?
?As ADIPEC is a global hub for the oil and gas industry, we felt it was an appropriate event for us to share our carbon neutral ambitions with this important market, and our desire to support the Middle East industry in reducing carbon emissions.?
The company recently announced HIsarna, a new reactor, with the possibility of achieving a CO2 reduction of more than 50 per cent. HIsarna is expected to play a pivotal role in meeting the ambitions of the circular economy.
BP?s Statistical Review of World Energy for 2018 revealed CO2 emissions from the Middle East for combustion-related activities from oil, gas and coal last year increased overall by 2.9 per cent, which was a reduction on the year-on-year growth of 3.6 per cent over the previous 10 years.
?Tata Steel embraces innovation and new technologies to develop high-quality products and services which help our customers succeed in their markets. We work closely together with them to meet their sustainability requirements,? said Barry Rust.
