India, 28 November 2024: The largest government-owned steel producer in India and a major global resources firm, Steel Authority of India Limited (SAIL), and industrial engineering pioneer John Cockerill India Limited (JCIL) inked a Memorandum of Understanding (MoU) today in Mumbai, Maharashtra. As part of this strategic partnership, SAIL and John Cockerill India Limited will investigate cooperative projects to create cutting-edge solutions for the Indian steel sector.
The parties to this MOU will investigate several ways to revolutionize iron and steel production while encouraging the use of environmentally friendly, sustainable steel solutions throughout the nation. Incorporating John Cockerill’s cutting-edge processing technologies into SAIL’s upcoming projects, examining the integration of green hydrogen into iron and steelmaking processes, and investigating a joint venture in Cold Rolling and Processing for Carbon Steel, including Green Steel and Silicon Steel (CRGO, CRNO), are the main areas of focus.
To decarbonise the steel industry, collective action and shared expertise are crucial. This partnership with SAIL allows John Cockerill to leverage its combined strengths and innovative capabilities to make a real impact on reducing carbon emissions and shaping a more sustainable and competitive steel sector in India both now and for the future. Our Group is committed to helping India’s steel industry transition to greener, more sustainable production processes. This MoU reflects a shared dedication to addressing pressing environmental challenges while strengthening the competitiveness of India’s steel industry.
Commenting on this significant collaboration, François David Martino, CEO of John Cockerill Industry and Chairman of John Cockerill India Limited, said: “By leveraging our technologies, we can drive meaningful change in decarbonization and sustainable steelmaking. John Cockerill is proud to contribute to the growth of India’s steel sector through this transformative partnership with SAIL. By combining our expertise and innovative technologies, we aim to deliver impactful solutions that enhance production efficiency, reduce carbon emissions, and position Indian steel producers as leaders on the global stage. Together, we can create meaningful advancements that drive sustainability and competitiveness in the industry.”
John Cockerill is committed to driving India’s steel industry forward with innovative solutions that prioritise sustainability, decarbonisation, and technological advancement. India stands at a pivotal juncture in steel manufacturing, with the potential to strengthen its domestic capabilities and position itself as a global leader in green and specialised steel products. This collaboration with SAIL represents a significant step in achieving that vision, ensuring a sustainable and competitive future for the industry.
