Tata Steel Says It Won’t Reach Emissions Goal With Current Tech
- Company to double India output to 40 million tons by 2030
- Production expenses set to rise on costs of green technology
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Tata Steel Ltd. says it won’t be able to achieve a goal to cut emissions by 2030 unless development of new technologies is accelerated.
India’s second-largest steel producer is seeking to trim emissions from the current 2.5 tons of carbon dioxide for every ton of the alloy produced to 1.8 tons in 2030, and achieve net zero by 2045. That’s even as it plans to double its Indian capacity to 40 million tons by the end of the decade.