APRIL 20238A unit of the international steel giant ArcelorMittal in India signed a contract to purchase wind turbines from Siemens Gamesa for a 166 MW project in Andhra Pradesh. A crucial boost to the nation's steel industry's decarbonization efforts will be given by the clean electricity generated, which will be used by one of ArcelorMittal's steel factories there.SG 3.6-145 wind turbines will be provided by Siemens Gamesa to AM Green Energy (AMGEPL), a joint venture between ArcelorMittal S.A. and ArcelorMittal Nippon Steel India (AM/NS India), according to the agreement. The wind project, according to Siemens Gamesa, will be a component of a 989 MW wind-solar hybrid renewable energy project by AMGEPL in the Kurnool region of Andhra. The energy-intensive steel sector may contribute to a greener future by making significant investments in renewable energy. The AM/NS India steel plant in Hazira, Gujarat will use the entire amount of power produced by the Kurnool wind farm. This will allow AM/NS India to meet 20 percent of its electricity needs from renewable sources while also lowering its carbon emissions by 1.5 million tonnes annually. This relationship with the second-largest steel manufacturer in the world creates a significant opportunity for India's wind industry, particularly for the power-intensive steel industry, which is moving quickly to fulfil carbon emission targets. Indian Oil Corporation intends to establish a joint venture for the manufacturing of sustainable aviation fuel (SAF) with numerous domestic airlines and US-based LanzaJet Inc. At the state-run company's Panipat refinery in Haryana, the new partnership will install a plant to produce SAF with alcohol-to-jet technology for a cost of Rs.3,000 crore, they claimed. The new company's proposed organisational structure, IOCL will own a 50 percent stake and LanzaJet a 25 percent stake. A number of airline corporations would be offered the remaining 25 percent of the ownership. "Domestic airline businesses have shown interest in participating in this project. Multiple airline businesses may be offered between two and five percent stakes, with IOCL reserving 25 percent for them", according to a senior industry official familiar of the development. According to the official, the airlines are being involved to ensure fuel offtake. For the proposed factory, IOCL and LanzaJet will each invest Rs.1,500 crore and Rs.750 crore, respectively. Airlines that decide to participate in the new entity would invest the remaining funds. According to the industry insider, Tata Group, which runs Air India, Vistara, IndiGo, GoFirst, and Blue Dart, has so far been contacted about investing in the project. They might each spend between Rs.100 and Rs.150 crore for a minority interest in the business. SAF is a biofuel having characteristics akin to those of regular jet fuel but with less of a carbon footprint. The proposed plant will use technology to turn ethanol made from corn, cellulosic biomass, or sugar into SAF. In the beginning, it would produce 85,000 metric tonnes of fuel annually. The biggest airline in the nation, IndiGo, said it is considering the suggestion. TOP STORIESINDIAN OIL & US-BASED LANZAJET TO BUILD UP INDIA'S FIRST GREEN AVIATION FUEL FIRMARCELORMITTAL TO BUY SIEMENS GAMESAS'S WIND TURBINES FOR ITS ANDHRA PROJECT
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