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voda 1 februari 2023 06:47

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Masteel Becomes First Steel Mill to be listed on FTSE4GOOD Bursa

Strategic Research Institute
Published on :
1 Feb, 2023, 5:23 am

The Star reported that Malaysia Steel Works has become the first ‘ultra-low carbon emission’ integrated steel mill listed on the FTSE4GOOD Bursa Malaysia Index, having invested over MYR 60 million in various carbon dioxide emission reduction initiatives in its operations. Masteel Managing director & CEO MR Datuk Seri Tai Hean Leng said “Masteel’s pioneering achievement on FTSE4GOOD Bursa Malaysia Index is borne out of the unequivocal dedication, foresight and immense success in revolutionising the steel-making industry at its core manufacturing process. Masteel earned three stars out of four in the environmental, social and governance ratings among public-listed companies in FBM EMAS, placing it within the top 26-50 per cent of PLCs assessed by FTSE Russell.”

He said “We have invested approximately MYR 60.66 million across various CO2 reduction initiatives towards our goal of reducing total CO2 emissions by approximately 7,300 tonnes.”

He also said the group aims to reduce emissions by a further 10 per cent by 2026 and 15 per cent by 2031. He said “At the same time, we will also expand our emissions monitoring systems from Scopes 1 and 2 currently to include Scope 3, to implement incremental step-ups in a systematic and sustainable manner”

He noted that Masteel has been focusing on minimizing other air pollutants in addition to CO2 emissions mitigation measures, including the installation of a Continuous Emissions Monitoring System at the Bukit Raja, Klang plant in 2021, which is capable of tracking particulate matter, nitrogen dioxide and sulphur dioxide emissions in real-time.

In July 2021, Bursa Malaysia and FTSE Russell launched the FTSE4Good Bursa Malaysia Shariah (F4GBMS) Index to cater to investor demand for ESG and Shariah-compliant index solutions. The F4GBMS index is designed to track constituents in the F4GBM Index that are Shariah-compliant.

voda 1 februari 2023 06:47

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Megasa Revamping Zaragoza Merchant Bar Mill

Strategic Research Institute
Published on :
1 Feb, 2023, 5:23 am

Heraldo de Aragón has reported that Spanish long steel producer Megasa will invest EUR 100 million in 2023-2024 in a new preheating furnace at the Megasider Zaragoza plant. The company will also replace its existing rolling mill with equipment based on environmentally-friendly heating technology. The new facility will be designed to produce a wide range of merchant bar.

The upgrade has already been awarded to SMS Group. The project includes a walking beam furnace with capacity of 120 tonnes per hour. In addition, the company will supply the so-called SMS Prometheus Level 2 control, which ensures uniform temperature distribution and low oxidation and carbon enrichment of steel. It will also provide the SMS DigiMod combustion management system and ZeroFlame HY2 burners. These are capable of operating with both natural gas and a blend of natural gas and hydrogen in any ratio, making this furnace hydrogen-ready.

Megasider Zaragoza produces merchant bar, as well as a wide range of dimensions and grades of rebar and steel sections. Megasider’s production was almost 500,000 tonnes in 2022.

voda 1 februari 2023 06:48

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ArcelorMittal Bremen & Eisenhüttenstadt to Switch to LED Lighting

Strategic Research Institute
Published on :
1 Feb, 2023, 5:24 am

The ArcelorMittal plants in Bremen and Eisenhüttenstadt in Germany will be equipped with modern LED lighting and significantly save energy and CO2. In addition, optimal lighting improves the quality improves visual performance and thus increases the occupational safety and well-being of employees. Both locations signed corresponding contracts with Conled Lichtcontracting from Bremerhaven.

Especially for companies in continuous and three-shift operation with high energy costs, the renovation is an important and worthwhile investment, which also has a positive impact on the environment. According to initial forecasts, the savings are likely to increase the conversion of the entire plant in Bremen to approximately 9,000 tons of CO2 and 18 million kWh of electricity per year, for the site in Eisenhüttenstadt, values of 12,000 tons of CO2 and 24 million kWh of electricity per year were calculated.

The conversion time for both plants is estimated at three to four years. The size of the two locations represents a particular challenge. In addition, the light montages mainly during of regular operation. Conled guarantees better lighting conditions after installation and adopts regular maintenance. The aim is to replace the luminaires and use sensors as far as possible to save a lot of energy and at the same time illuminate the production areas in the best possible way. Conled relies on selected LED luminaires from renowned European luminaire manufacturers. The newly designed lighting is intended to be used in shifts provide a better and safer working atmosphere.

voda 1 februari 2023 06:49

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Malaysia Opens AD Duty Probe on CR Steel Imports from Japan

Strategic Research Institute
Published on :
1 Feb, 2023, 5:24 am

Malaysia’s Ministry of International Trade & Industry has initiated an anti-dumping duty investigation on imports of cold rolled steel products originating or exported from Japan after it received a petition from a domestic producer Mycron Steel CRC on 1 January 2023, which alleged that imports of the subject merchandise originating or exported from Japan were sold at a price much lower than their domestic selling price in Japan.

Mycron Steel CRC further claimed that dumped imports of the subject merchandise from Japan have increased in terms of absolute quantity and have caused material injuries to the petitioner

Miti said the government had evaluated and considered the information and evidence of dumping, injury, and causal link set out in the petition. It then decided to initiate the anti-dumping duty investigation and a preliminary determination will be made within 120 days from the date of initiation. Miti said “If the preliminary determination is affirmative, the government will impose a provisional anti-dumping duty at the rate that is necessary to prevent further injury to the domestic industry.”

The probe covers cold-rolled products of alloy or non-alloy steel with a width less than 1,300mm cold reduced, not clad, not plated, or not coated in coil, sheet, strip, hoop or any other forms.

voda 1 februari 2023 06:51

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BSRM Swings to Red in H1 of 2022-23

Strategic Research Institute
Published on :
1 Feb, 2023, 5:25 am

The Daily Star reported that Bangladesh’s largest steel manufacturer Bangladesh Steel Re-Rolling Mills Limited has reported a more than 52% YoY decline in profit in the first half of the ongoing financial year owing to the higher cost of production amid tighter market conditions. BSRM made a profit of BDT 54.34 crore in October-December quarter of 2022-23, down from BDT 114.06 crore in October-December of 2021-22. BSRM incurred a loss of BDT 110.18 crore for July-December, as compared to BDT 242.15 crore profits in the first half of FY22.

BSRM said that “The economic situation at home and abroad was volatile during the period. The foreign currency conversion rate sharply increased which raised the import and production costs. Moreover, there was a shortage in power supply which forced to cut production. As a result, the cost of production increased. On the other hand, the market of steel products was under severe pressure. But for the sake of the greater interest of the country and to keep the development projects progressing, it was not possible to increase the selling price of steel products keeping pace with the cost of production.”

voda 1 februari 2023 06:52

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Indonesia Knocks WTO’s DSB for EU’s Tariffs on Stainless Steel

Strategic Research Institute
Published on :
1 Feb, 2023, 5:27 am

Reuters reported that Indonesian Trade Ministry’s senior official Mr Djatmiko Bris Witjaksono, explaining the country’s decision to complain to the World Trade Organisation, has said that the European Union’s anti-dumping tariffs on Indonesian stainless steel had cut exports severely, He told Reuters “The EU policy is not in line with WTO rules. Indonesian exports to the EU was around half a billion dollars annually and these had reduced the competitiveness of Indonesian products”

He told “After the first implementation of the anti-dumping duties, Indonesia’s shipments to the EU dropped to around USD 229 million in 2021. Following the additional anti-subsidy duty, they shrank further to around USD 40 million in January-November of 2022.”

The WTO had announced last week that Indonesia has requested dispute consultations with the EU regarding the anti-dumping duties.

The EU last year imposed an anti-subsidy duty of 21% on imports of stainless steel cold-rolled flat products from Indonesia, which came on top of anti-dumping duties imposed in November 2021, ranging between 10.2% and 20.2%. The EU Commission said the bloc imposed the tariffs to counter unfair state-sponsored subsidies, which it said involved preferred financing from China and Indonesia’s ban of nickel ore exports.

Indonesia had banned exports of unprocessed nickel ore from 2020 to attract investment into developing a downstream industry at home. The WTO last year ruled in favor of the EU in a dispute over the ban. Indonesia is appealing.

voda 1 februari 2023 06:52

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US Senators Seek Duties on Russian Ferrosilicon Imports

Strategic Research Institute
Published on :
1 Feb, 2023, 5:26 am

US Senators Mr Bill Cassidy (R-LA) and Mr Sherrod Brown (D-OH) have urged the Biden administration to increase duties on Russian ferrosilicon that contains 75% silicon to a 35% tax per unit in a letter to US Customs and Border Protection Acting Commissioner Mr Troy Miller and US Trade Representative Ms Katherine Taito help bolster US’s domestic production of ferrosilicon and replace Russian imports that finance the country’s illegal invasion of Ukraine.

Senators wrote “Globe Specialty Metals and CC Metals and Alloys are two American producers of ferrosilicon. Since October 2021, CCMA has invested more than USD 10 million towards the expansion of its American production operations, creating new jobs in the process. According to industry projected production capacity, CCMA and Globe believe they could immediately replace nearly all Russian imports without supply interruptions.”

Mr Cassidy and Ms Brown were leading voices in the Senate calling for the US to revoke Permanent Normal Trade Relations with Russia, introducing the bipartisan and bicameral No Most Favored Nation Trading with Russia Act to revoke Russia’s most-favored-nation status, which currently shields Russia from being subject to higher US tariffs. President Biden also announced his support to withdraw Russia’s special trade status.

voda 1 februari 2023 06:55

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Hyundai Steel Reports 31% Decline in Profit in 2022

Strategic Research Institute
Published on :
1 Feb, 2023, 5:27 am

Yonhap has reported that South Korea’s second largest steelmaker Hyundai Steel’s net income fell by 31% YoY to KRW 1.04 trillion (USD 848 million) on a consolidated basis due to declining prices and rising costs while operating income dipped 34% YoY to KRW 1.62 trillion won, while sales spiked 20% YoY to KRW 27.34 trillion

Hyundai Steel expects demand to rebound on the back of China's reopening, and firm demand from automakers and shipbuilders.

Hyundai Steel targets to sell 1.1 million tonnes of steel sheets for automakers in 2023, up 34% YoY.

voda 1 februari 2023 06:57

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JSPL Reports 68% Dip in Oct-Dec’22 Quarter Consolidated Profit

Strategic Research Institute
Published on :
1 Feb, 2023, 5:28 am

Jindal Steel & Power Limited has reported INR 4521 crore loss on standalone basis in October-December quarter of 2022 due to provision of INR 7,253 crore towards diminution in value of its investments in its wholly owned subsidiary Jindal Steel & Power (Mauritius) Limited

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October-December 2022

Steel Production - 2.06 million tonne, up 5% YoY

Pellets Production - 1.96 million tonne, up 8% YoY

Steel Sales including Pig Iron - 1.90 million tonne, up 4% YoY

Pellets External Sales – 0.05 million tonne, up 400% YoY

Consolidated Gross Revenue - INR 14,452 crores, up 2% YoY

Adjusted EBITDA - INR 2,296 crores, down 31% YoY

Profit – INR 518 crores, down 68% YoY

Standalone Gross Revenue - INR 13,831 crores, up 2% YoY

Adjusted EBITDA - INR 2,163 crores, down 32% YoY

Loss- INR 4,512 crores, down 363% YoY

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April-December 2022

Steel Production - 5.87 million tonne, down 1%

Pellets Production -5.67 million tonne, down 2% YoY

Steel Sales including Pig Iron -5.65 million tonne, up 2%

Pellets External Sales – 0.19 million tonne, up 69%

Consolidated Gross Revenue – INR 44,723 crores, up 10% YoY

Adjusted EBITDA – INR 6,767 crores, down 45% YoY

Profit – INR 2,728 crores, down 59% YoY

Standalone Gross Revenue – INR 43,489 crores, up 10% YoY

Adjusted EBITDA – INR 6,413 crores, down 47% YoY

Profit – INR 1,638 crores, down 77% YoY

Mozambique: Chirodzi mine produced 1.26 million tonne ROM (up 9% QoQ) during 3QFY23. Coking coal sales stood at 207kt (up 6% QoQ) in 3QFY23. Mozambique operations reported EBITDA of USD 5 million for 3QFY23 (down 64% QoQ), driven by a reduction in coking coal realization and lower sales volume of thermal coal.

South Africa: Kiepersol mine ROM production stood at 118 KT in 3QFY23, while prime product sales reported at 101 KT (down 13% QoQ). The mine reported EBITDA of UD 4 million (down 67% QoQ) for the quarter.

Australia: During 3QFY23, Russel Vale mine maintained its production run rate and reported 149 KT ROM (down 1% QoQ). Dispatches however increased 102% QoQ to 159 KT. The mine reported an operating EBITDA loss of USS 6 million for the quarter. Wongawilli colliery continues to remain under care and maintenance.

voda 1 februari 2023 06:57

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Report Says 5 Firms Eying NMDC Steel

Strategic Research Institute
Published on :
1 Feb, 2023, 5:28 am

Express News Service, citing a person with knowledge, has reported that at least five companies have submitted EoI for privatization of NMDC Steel

1. Essar Group

2. JSPL

3. JSW Steel

4. Vedanta

5. Tata Steel

Department of Investment & Public Asset Management Secretary Mr Tuhin Kanta Pandey had last week tweeted “Multiple expressions of interest received for the Strategic Disinvestment of NMDC Steel Ltd. The transaction will now move to the second stage.”

•

The last date for submission of EoIs for NSL by interested bidders was 27 January 2023.

Only the interested bidders found to be meeting the eligibility criteria would be allowed to participate in the next stage of the transaction, which involves detailed due diligence and submission of financial bids. After shortlisting eligible bidders, financial bids would be called in the second stage.

Currently, NISP is in the process of being demerged from NMDC into NSL. After the completion of the demerger process, NSL will have mirror shareholding to NMDC, government’s shareholding of 60.79% and public shareholding of 39.21%. Thereafter, the Centre would divest its 50.79% shareholding in NSL, along with management control, to a strategic buyer through a two-stage, competitive bidding process. Additionally, the Centre would offer a 10% stake in NSL to NMDC after the strategic buyer has been identified through the bidding process, Dipam said.

voda 1 februari 2023 06:58

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UK’s Government Urged to Attach Green Conditions to Steel Bailout

Strategic Research Institute
Published on :
1 Feb, 2023, 5:29 am

Business Green has reported that UK’s think tank Green Alliance argues that British Steel and Tata Steel should transition half of production to electric arc furnaces to receive public subsidy. Green Alliance has warned that the long-term competitiveness of the sector required a funding package that was designed to accelerate clean steel production and ensure the UK can become a producer of low-carbon steel for the industries of the future and a condition of the bailout should be that steelmakers commit to switching half their production from coal powered blast furnaces to electric arc furnaces

Green Alliance Research Director Mr Roz Bulleid said “If the GBP 600 million is spent directly on lower carbon steelmaking equipment and comes with commitments from steelmakers to green the rest of their production, it looks like good value for the scale of carbon savings that could be achieved. However, ministers must attach strict green strings to any bail out to make sure taxpayers' money is well spent and genuinely used to future proof this critical sector.”

The British Government has been urged to bake the net zero transition into its mooted GBP 600 million support package for the UK's steelmakers by ensuring that the award of any new funds is contingent on leading steel firms weaning at least half of their production off coal. British Steel and Tata Steel, the owners of the UK's two largest and most emissions intensive steelworks, are reportedly set to receive subsidies worth around GBP 300 million in a bid to help them stay afloat and protect jobs as the sector battles high energy prices, carbon prices, competition from cheaper imports, reduced demand, and inflationary pressures.

The Treasury is yet to confirm the details of its mooted bailout. However, reports have indicated it intends to attach job retention and decarbonization targets to any rescue package.

The two integrated steel sites in Scunthorpe and South Wales are responsible for 95% of the UK's iron and steel sector's emissions due to their reliance on blast iron furnaces, which transform coking coal into primary iron.

voda 1 februari 2023 06:58

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SAIL-BSP’s BF, SMS 3 and Plate Mill Create New Records in January

Strategic Research Institute
Published on :
1 Feb, 2023, 5:30 am

News Riveting has reported that Steel Authority of India Limited’s Bhilai Steel Plant’s Blast Furnaces, SMS-3 and Blast Furnace-8 and Plate Mill have set new monthly production records as well as in techno-economics in January 2023

Blast Furnaces achieved the highest ever monthly production of 535,312 tonnes of hot metal till 30 January 2023, surpassing the previous best monthly record of 519,819 tonnes of hot metal in March 2021.

Steel Melting Shop-3 achieved the highest monthly production of 293,688 tonnes of crude steel by 30 January 2023, surpassing its previous record of 286,195 tonnes crude steel in November 2022.

Another monthly record was set by Plate Mill by dispatching 116,834 tonnes of plates till 30 January 2023, surpassing previous best monthly record of 116,030 tonnes in January 2011.

A new record was created in Blast Furnaces by increasing the quantity of daily Coal Dust Injection. By 30th January 2023, a new record of highest monthly coal dust injection of 137 kg per tonne was set, beating previous best record of 92 kg per tonne in Jan 2021. Blast Furnace 8 called Mahamaya too achieved monthly coal dust injection rate record of 158 kg per tonne up till 30th January 2023, which is much more than 152 kg per tonne CDI rate achieved in December 2022.

Similarly, success was achieved in reducing the Coke Rate. The previous record of coke rate at 434 kg per tonne of hot metal made in January 2021 was bettered in Jan 2023 with monthly coke rate of 431 kg per tonne of hot metal recorded by blast furnaces by 30th Jan 23.

voda 1 februari 2023 07:00

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Global Crude Steel Production in 2022 Shrinks by 4.3%

Strategic Research Institute
Published on :
1 Feb, 2023, 5:30 am

World Steel Association announced that global crude steel production for the 64 countries reporting to worldsteel was 140.7 million tonnes in December 2022, down 11% YoY. During 2022, global crude steel production totaled 1.832 billion tonnes down 4.3% YoY, with China producing 1013.0 million tonne down 2.1% YoY & India 124.7 million tonne up 5.5% YoY

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Top 10 Nations - 2022

1. China – 1013.0 million tonne, down 2.1% YoY

2. India – 124.7 million tonne, up 5.5% YoY

3. Japan – 89.2 million tonne, down 7.4% YoY

4. United States – 80.7 million tonne, down 5.9% YoY

5. Russia – 71.5 million tonne, down 7.2% YoY

6. South Korea – 65.9 million tonne, down 6.5% YoY

7. Germany -36.8 million tonne, down 8.4% YoY

8. Turkey – 35.1 million tonne, down 12.9% YoY

9. Brazil – 34.0 million tonne, down 5.8% YoY

10. Iran – 30.6 million tonne, up 8.0% YoY

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Crude Steel Production by Region – 2022

Asia and Oceania - 1351.3 million tonne, down 2.3% YoY

EU (27) - 136.7 million tonne, down 10.5% YoY

North America - 111.4 million tonne, down 5.5% YoY

Russia & other CIS + Ukraine - 85.2 million tonne, down 20.2% YoY

Europe, other - 44.7 million tonne, down 12.2% YoY

Middle East - 44.0 million tonne, up 7.1% YoY

South America - 43.3 million tonne, down 5.0% YoY

Africa - 14.9 million tonne, down 6.6% YoY

Bijlage:

voda 1 februari 2023 07:49

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India mulls hiking HRC on positive domestic sentiment
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Indian mills have hiked their hot rolled coil export offers on the back of strong sentiment in the European market and price hike expectations from Chinese mills.

The increase is backed by decent demand in the Indian domestic market and restocking being done by traders ahead of the Indian budget announcement, with expectations of prices surging further in February.

Most Indian mills prefer to sell HRC into Europe for March shipment and book good revenue for this fiscal year, ending 31 March 2023 (FY23), as Europe is currently the highest-paying customer. However, some sources feel prices will stabilise in the near future as this surge is "sentiment-oriented, not demand-oriented", they tell Kallanish.

Last week, a tier-1 Indian mill through a trader sold 10,000 tonnes and 3,000t of structural grade HRC to northern Europe and southern Europe, respectively, each at $780/tonne cfr. Another buyer also informs of receiving quotes at $785/t cfr Spain for the same grade, netting back to $720-725/t fob India.

"European euphoria is expected to last only for 7-10 more days, considering the buyers’ resistance to the price hike and China’s [post-holiday] resumption," says a source. "This will also control the price hike spree by India, which might result in two things … Either India will reduce their quotes, which is unlikely to happen considering the strong domestic market, or else they will quit exports and focus on the domestic market through [the end of] FY23."

Indian steelmakers have raised their re-rollable grade HRC offers to $745-750/t cfr Gulf Cooperation Council (see separate story). Two sources confirm hearing this offer in the United Arab Emirates market; however, a deal had not been concluded by deadline on Tuesday.

Last week, Indian mills raised their domestic HRC offers by INR 750/t ($9.17) to INR 57,750/t ex-Mumbai for E-250 grade HRC. Quotes for E350 HRC, cold rolled coil and galvanized coil have meanwhile been received at INR 60,750/t ex-Mumbai, INR 64,500/t ex-Mumbai and INR 67,500/t ex-Mumbai, respectively.

Market participants feel prices will surge by a further INR 2,000-2,500/t in the domestic market. This hike will also take export prices to $750-755/t fob India, translating to $800-810/t cfr Europe, from $780-785/t cfr Europe now.

Many Indian mills are bullish on the upcoming budget, and if the government increases the import duty on flat steel, this will further encourage mills to raise their offers, without hesitation. Buyers are monitoring Chinese offers, as they are hopeful that China might reverse the prevailing sentiment if Covid infections linger on for longer than expected. This would result in oversupply of HRC in the global market, bringing prices down.

Sayed Aameer India

voda 1 februari 2023 09:01

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China Shakes off COVID Slump in January 2023

Economic activity in China shook off long slump in January following the abrupt lifting of Beijing’s
zero COVID policy, a positive sign for a global economy that faces a litany of challenges this year.
NBBS’s official gauges of activity in both manufacturing and services improved sharply, with both
sectors rebounding into expansion territory. The data signal fresh green shoots in China’s
economy, which grew at one of its slowest rates in decades in 2022 as stringent pandemic
restrictions upended supply chains, all but halted travel and battered consumer confidence. But in
mid-November, Beijing said its main priority would be to revive growth, focusing on consumer
spending in particular. Days later, China began to dismantle Covid-19 restrictions, reopening its
borders in time for the weeklong Lunar New Year holiday.

Voor meer, zie de pdf.

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voda 1 februari 2023 16:59

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Indian Economy & Steel Sector on Bright Path
Indian Steel Sector Remains Sole Bright Spot Globally
Indian Steel Association Welcomes Budget
Steel Sector’s Budget Wish List Ignored
India’s GDP pegged at 7% for 2022-23
India’s Manufacturing Sector Grows Strongly in January
India’s Core Sector Output up 7.4% in December 2022

Voor meer, zie de pdf.

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voda 2 februari 2023 07:35

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Just Climate Invests in H2Green Steel, ABBE Mobility & Meva Energy

Strategic Research Institute
Published on :
2 Feb, 2023, 5:43 am

Generation Investment Management Just Climate has announced three investments in ABB E-mobility, H2 Green Steel and Meva Energy. All three companies reflect Just Climate’s approach of investing in scalable solutions with transformational potential that can help to deliver sector-wide decarbonization in hard-to-abate industries.

H2 Green Steel is an industrial start-up based in Sweden which aims to accelerate the decarbonization of the steel industry – one of the hardest-to-abate industries, responsible for more than 7% of emissions, according to the IEA. By replacing coal traditionally used in steelmaking with green hydrogen powered by renewable electricity, the company aims to reduce emissions of steel by as much as 95%. Just Climate’s investment forms part of H2 Green Steel’s Series B fundraising announced in October 2022, the proceeds of which will be used to develop the company’s first of a kind, large scale, green steel plant in northern Sweden, the Boden Project. H2 Green Steel CEO Mr Henrik Henriksson said “Those who have invested in our company are all at the forefront of enabling the change required to meet the targets of the Paris Agreement. Just Climate is no exception. They believe in our business case as well as our purpose to accelerate decarbonization of heavy polluting industries. Being among the first green impact investments of Just Climate shows the impact our company will have on some of the dirtiest industries today.”

ABB E-mobility is a Swiss-based global leader in electric vehicle charging solutions. Around 24% of all emissions come from the transportation sector, which has traditionally been hard to decarbonize. Just Climate’s investment in ABB E-mobility will help decarbonize road transport by accelerating the deployment of its solutions ranging from smart chargers for the home to high-power chargers for highway stations of the future, solutions for electrification of fleets and opportunity charging for electric buses and trucks. Just Climate believes backing this business will have a significant impact on emissions abatement in a hard-to-decarbonize sector.

Meva Energy, also based in Sweden, provides an innovative gasification technology to generate renewable energy for manufacturing sectors. Just Climate will support Meva Energy as it scales the technology and rolls it out more broadly to provide a clean, practical and cost-efficient solution to a widely spread network of mid-scale industries that currently rely on fossil fuels to power their industrial processes and operations. Through Meva Energy’s partnerships with two industrial players of scale, IKEA and SOFIDEL, the business has the potential to play a catalytic role in a sector-wide transition.

Just Climate was created by Generation Investment Management, a pioneer in sustainable investing, with the aim of identifying and investing in those businesses that can generate the highest positive climate impact while generating attractive risk-adjusted returns.

voda 2 februari 2023 07:36

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MIT Researchers Developing Computationally Designed Cybersteels

Strategic Research Institute
Published on :
2 Feb, 2023, 5:44 am

What do the Apple watch and the Raptor engine of the SpaceX Starship have in common? Both are made in part of advanced materials developed over only a few years—as opposed to the usual decades, with the help of computers in a field pioneered at MIT. Now eight MIT professors, including one of the inventors of computational materials design, aim to make the field even more powerful thanks to a five-year USD 7.2 million grant from the Office of Naval Research.

MIT team is working toward creating better cybersteels, or those that are designed with a computer. Key to the work is the incorporation of fundamental atomic-level data about steel. The goal is to use the MGI database to discover, manufacture, and deploy advanced materials twice as fast and at a fraction of the cost compared to traditional methods. The MIT researchers will focus their efforts on steel, because it’s still the material the world has studied the longest resulting in the deepest fundamental understanding of its properties. Those fundamental properties are key to a growing steel database that governs everything from chemical compositions to the sequence of process temperatures to design new high-performance steels.

Another major area of study involves the boundaries between the microscopic grains that make up steel. While the bulk thermodynamics of steel are well established, researchers need to make progress on the thermodynamics of interfaces, the grain boundaries.

Cybersteels can have a variety of applications including steels manufactured by 3D printing that are changing how naval aircraft components are made. Olson’s materials design company, QuesTek, has already used the computational design technology to take cybersteels to flight qualification in naval aviation components. The tailhook of the Navy's carrier-based T45 plane was made with a cybersteel designed by QuesTek Innovations. In another example, the Office of Naval Research is interested in developing non-magnetic steels for ship hulls.

The work is part of the next phase of the Materials Genome Initiative announced by former US President Mr Obama in 2011. The MGI is developing a fundamental database of the parameters that direct the assembly of the structures of materials, much like the Human Genome Project is a database that directs the assembly of the structures of life. The particular fundamental database structure for materials is known as

Olson, together with Professor David M. Parks of the Department of Mechanical Engineering, will work on incorporating simulations of steel toughening mechanisms early in the design process. Historically, simulations have been used in the late stages of design.

voda 2 februari 2023 07:37

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Greif UK Commercial Team Tours Tata Steel’s Port Talbot Plant

Strategic Research Institute
Published on :
2 Feb, 2023, 5:44 am

The Greif UK commercial team was invited to visit steel supplier Tata Steel‘s manufacturing facility in Port Talbot in South Wales in UK in November 2022. The Greif team began with observing raw materials, viewing every manufacturing stage, and then witnessing the results of finished products. The visit was educational in demonstrating all production phases of steelmaking. It provided valuable insight for how Greif can achieve our Protecting Our Future mission and reduce the carbon footprint of our value chain.

Tata Steel discussed its sustainability goals with our Greif team, including the aim to reduce its CO2 output by 30% by 2030 and become a carbon-neutral steelmaker by 2045. Tata Steel’s Research & Development department is working alongside Swansea University in Wales in UK and the University of Warwick in Coventry in England to continuously improve their sustainability innovations.

Tata Steel, the largest steel company in the UK and a leading European steel producer, is also leading its industry with innovative customer solutions for sustainable steel. Tata’s commitment to sustainability also closely aligns with Greif’s sustainability goals.

Founded in 1877, Greif is a leading supplier of industrial packaging products and services, growing from its beginnings in Cleveland in Ohio to a global footprint across more than thirty countries and 200-plus locations.

voda 2 februari 2023 07:38

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SAIL BSL Bags Environment Leadership Award

Strategic Research Institute
Published on :
2 Feb, 2023, 5:45 am

The Pioneer has reported that Steel Authority of India Limited’s Bokaro Steel Plant has achieved a major milestone by winning the prestigious Greentech International Environment, Health and Safety Awards 2023 in the Environment Leadership category. Greentech International Environment, Health and Safety Award 2023 has been given seeking efforts of Bokaro Steel Plant for responsible, innovative practices and new initiatives towards achieving sustainable goals

The jury members were highly impressed by Bokaro Steel Plant's dynamic initiative in production of eco-friendly green steel and efforts to convert waste materials generated during steel making into eco-friendly products.

BSL has taken up the campaign to convert Waste to Wealth and notably the utilization of waste and its use as input material within the plant and in other industries has generated revenue of over INR 1000 crores. It is noteworthy that such efforts including 29.33% reduction in particulate matter and 85.09% reduction in specific waste discharge in the last three years have made Bokaro Steel's systems and processes more eco-friendly. Also to achieve India's ambitious target of 500 GW of renewable energy by 2030 as committed by India at COP 26.

Vertraagd	30 apr 2024 17:39
Koers	23,590
Verschil	-0,460 (-1,91%)
Hoog	23,960
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Volume	2.340.129
Volume gemiddeld	2.501.715
Volume gisteren	2.081.041

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