Tata Steel partners with LeadIT for net-zero transition in industry
Tata Steel announced on June 12, 2023, that it has joined the Leadership Group for Industry Transition (LeadIT), a global initiative to accelerate the transition to net-zero emissions in heavy industry.
LeadIT was founded by the governments of Sweden and India during the United Nations Climate Action Summit in September 2019, and it is supported by the World Economic Forum.
The organization brings together governments, businesses, investors, and other stakeholders to share best practices, develop new technologies, and advocate for policies that support the transition to a zero-emissions economy.
Tata Steel’s membership in LeadIT marks an important milestone for the company, positioning it as a global leader in the drive to decarbonize the steel industry.
Tata Steel has set a goal of becoming carbon-neutral by 2045, and joining LeadIT will assist the company in meeting that goal by providing access to a network of experts and resources.
“Tata Steel’s membership in LeadIT presents a significant opportunity for us to amplify our efforts towards carbon neutrality,” said Debashish Bhattacharjee, VP, Technology and R&D at Tata Steel.
The company stated that it would collaborate with LeadIT to share its experiences in developing and deploying low-carbon steel manufacturing technologies, as well as to advocate for policies that support the transition to a zero-emissions economy.
“Tata’s ambitious goal of reaching carbon neutrality by 2045 paves the way for low-carbon steel production,” said Per Andersson, LeadIT Secretariat Head.
Earlier, Tata Steel partnered with Advanced Electric Machines (AEM), a UK-based company that develops electric motors and generators that are free of rare earth magnets and copper. The partnership is part of the Driving the Electric Revolution Industrialisation Centres (DER-IC) project, funded by UK Research and Innovation (UKRI). The project aims to develop a UK supply chain for power electronics, machines, and drives (PEMD) for electric vehicles and other applications. The project will use unique facilities at DER-IC North East to develop manufacturing, assembly, and coating processes for a new high-strength non-magnetic steel and a patented lamination design