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19 September 2021
13:21 hour

Tata Steel starts carbon capture plant at Jamshedpur: Report

Money Works 4 Me

14/09/2021 - 14:59

The company will reuse the captured CO2 on site to promote circular carbon economy


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  1. Tata Steel starts using electric vehicle to transport finished steel at Jamshedpur (09/09/2021 - Money Works 4 Me)
    As part of its commitment to sustainability, the private steel major has now extended the facility in Jamshedpur
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  2. Tata Steel commissions carbon capture and reuse plant to promote circular carbon economy (14/09/2021 - Financial Express)
    Tata Steel will reuse the captured CO2 on site to promote the circular carbon economy. The facility will help abate about 1500 tonne of CO2 per year.
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  3. Tata Steel's Kalinganagar Plant starts Robotic system for Wagon Tippler operation (02/08/2021 - Money Works 4 Me)
    The tippling operations at the Raw-material Handling System of the steel plant, involves critical activities like decoupling, coupling
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  4. Aker Carbon Capture - Carbon Capture as a Service (05/08/2021 - Reddit Stock Market)
    For those who want to make a play on "green" stocks should check this company out. "Aker Carbon Capture is a pure-play carbon capture company with solutions, services and technologies serving a range of industries, including the cement, bio and waste-to-energy, gas-to-power and blue hydrogen segments. Aker Carbon Capture’s proprietary carbon-capture technology offers a unique, environmentally friendly solution for removing CO? emissions." Home – Aker Carbon Capture News - Aker Carbon Capture : EU approves funding for Twence's carbon capture project | MarketScreener The amazing life and fortune of Kjell Inge Røkke - The Norwegian American   submitted by   /u/henlunds [link]   [comments]
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  5. Aker Carbon Capture - Carbon Capture as a Service (05/08/2021 - Reddit Stock Market)
    For those who want to make a play on "green" stocks should check this company out. "Aker Carbon Capture is a pure-play carbon capture company with solutions, services and technologies serving a range of industries, including the cement, bio and waste-to-energy, gas-to-power and blue hydrogen segments. Aker Carbon Capture’s proprietary carbon-capture technology offers a unique, environmentally friendly solution for removing CO? emissions." Home – Aker Carbon Capture News - Aker Carbon Capture : EU approves funding for Twence's carbon capture project | MarketScreener The amazing life and fortune of Kjell Inge Røkke - The Norwegian American   submitted by   /u/henlunds [link]   [comments]
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  6. Analyst Corner: Assign ‘neutral’ on Tata Steel with TP of Rs 1,210 (24/06/2021 - Financial Express)
    While a part of this increase should be offset by the carbon surcharge of €12/t recently levied by Tata Steel UK, the sustainability would depend on demand-supply tightness.
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  7. Upsides of price increase in steel to reflect in subsequent quarters: Koushik Chatterjee, CFO, Tata Steel (16/08/2021 - Financial Express)
    In many ways it is already visible through the transformation programme and will get more accelerated once the separation of Tata Steel Netherlands and Tata Steel UK happens in the third quarter of this financial year.
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  8. Tata Steel BSL sets up UV oxidation plant in Odisha to treat cyanide in coke oven wastewater (09/08/2021 - Money Works 4 Me)
    The UV oxidation unit has been established with support from the research and development team of parent company Tata Steel
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  9. ArcelorMittal’s Rs 50,000-crore Odisha steel plant plan hinges on quick land acquisition (05/03/2021 - Financial Express)
    Industry watchers, however, are apprehensive, particularly because apart from Tata Steel’s Kalinganagar plant, greenfield steel plants have rarely come up in India in recent times and the main hurdle is issued related to land acquisition.
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  10. Tata Steel commissions first steel recycling plant in Rohtak (18/08/2021 - Money Works 4 Me)
    The scrap would be procured from various market segments such as end-of-life vehicles, obsolete households
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  11. Tata Motors planning to undertake block closure at Jamshedpur facility (18/05/2021 - Money Works 4 Me)
    The employees have been asked to report for duty on May 24, 2021
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  12. : Chevron deepens carbon-capture push with Microsoft, Schlumberger linkage (04/03/2021 - Market Watch)
    Chevron Corp. is partnering with Microsoft Corp, oilfield services firm Schlumberger NV and privately held Clean Energy Systems to build a carbon capture plant in California.
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  13. Tata Steel planning to acquire RINL (17/08/2021 - Money Works 4 Me)
    RINL, under the Ministry of Steel, owns and operates a 7.3 million tonnes plant in Visakhapatnam, Andhra Pradesh
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  14. Tata Steel, other steel shares ratings cut; Credit Suisse’s revised target prices still show upside (27/05/2021 - Financial Express)
    Credit Suisse has sharply downgraded ratings and target prices on shares of Tata Steel, Jindal Steel & Power, and JSW Steel, saying that the domestic steel sector’s risk-reward is now becoming unfavourable.
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  15. U.S. Steel, Equinor sign MoU to develop clean hydrogen, carbon capture (30/06/2021 - Seeking Alpha)

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  16. JSW Steel’s arm signs agreement with Allegheny Technologies for conversion of carbon steel slabs (04/05/2021 - Money Works 4 Me)
    As per the terms of the agreement, ATI is expected to hot-roll a significant percentage of carbon steel slabs produced by JSW Steel USA
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  17. Tata Steel planning to pay Rs 270.28 crore as annual bonus for 2020-21 (20/08/2021 - Money Works 4 Me)
    A Memorandum of Settlement was signed between Tata Steel and the Tata Workers' Union, for payment of annual bonus
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  18. Tata Steel signs MoU with MOL (25/08/2021 - Money Works 4 Me)
    In line with its larger sustainability objective and efforts to reduce greenhouse gas emissions in the supply chain, Tata Steel has signed a Memorandum of Understanding
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  19. United States Imports of Consumption of Carbon Steel Produc (27/02/2021 - Trading Economics)
    Imports of Carbon Steel Produc in the United States increased to 1111276 USD THO in January from 793375 USD THO in December of 2020. Imports of Carbon Steel Produc in the United States averaged 1335658.99 USD THO from 2000 until 2021, reaching an all time high of 2864757 USD THO in October of 2008 and a record low of 502731 USD THO in May of 2002. This page includes a chart with historical data for the United States Imports of For Consumption of Carbon Steel Produc.
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  20. Tata Steel to invest Rs 3,000 crore in Jharkhand in next 3 years to expand capacities (30/08/2021 - Money Works 4 Me)
    Tata Steel has been in Jharkhand for the past 114 years and it is a home to the steel company
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  21. ArcelorMittal starts 'green steel' program in carbon cutting push (17/03/2021 - Seeking Alpha)

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  22. Julius Baer downgrades Tata Steel to ‘reduce’ despite robust results; finds risk-reward unfavourable (17/05/2021 - Financial Express)
    Tata Steel has been among the darlings of Dalal Street investors looking to bank on the commodity upcycle so far this year. The stock has surged a massive 85% since January end.
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  23. The Carbon Capture Industry will be Huge (16/09/2021 - Reddit Stocks)
    The Case for Carbon Capture The world produces about 40 Gigatonnes of CO2 per year (that’s 1 billion tonnes). In order to reach the global warming goal of 1.5°C proposed by the Paris Climate Agreement, the world needs to be essentially carbon net zero or negative by 2050. The Intergovernmental Panel on Climate Change (IPCC) says a 20 Gigatonne/year reduction in CO2 emissions will need to come from switching to electric cars and transitioning energy sources from fossil fuel, coal, and natural gas to solar, nuclear, geothermal wind, or hydroelectric. As for the other half, there are a lot of things where we just don’t have a green alternative for: airplanes, industrial furnaces, freight trains, tanker ships, etc. To deal with this other 20 Gigatonnes of CO2, the world is going to have to adopt carbon capture technology on a huge scale. The IPCC says that carbon removal technology will have to be on the order of 100-1000 Gigatonnes of CO2 per year over the 21st century. It’s clear there is currently a huge opportunity for carbon capture companies. So much so that some oil and gas companies are turning their attention to it. Occidental Petroleum’s CEO has said that they are becoming a “carbon management company”. Big names like Microsoft have committed to going carbon neutral by 2030. Only one way to do that. Here’s another quote: “According to most climate models, decisive carbon removal together with lower greenhouse gas (GHG) emissions are needed to limit global warming to below 2°C from pre-industrial levels. To reach that target, it is forecast that the carbon removal industry will grow to the size of today’s oil & gas industry by 2050.” (Source) [https://www.swissre.com/institute/research/sonar/sonar2020/sonar2020-carbon-removal-insurance.html] I should mention here that there are 2 types of carbon capture, one where they strip a concentrated source of CO2 like the off-gasses from combustion. The other is called Direct Air Capture where they strip regular atmospheric air of CO2. Both have a big role to play. You might be thinking, can’t we just plant more trees? Reforestation will help but it will take 3x the area of the USA to remove 10 Gigatonnes/year of CO2. There just isn’t enough land for that. Carbon Capture can do what trees can do in far less space. It is going to be a huge industry and has to be a huge industry in the fight against climate change. (IPCC Source) [https://www.ipcc.ch/sr15/] Many governments are introducing carbon taxes. Canada already has one and plans on ramping it up to $170 CAD/tonne by 2030. Stocks This is such a new industry that there aren't many public companies. Here are a couple: CNSX: DELT is a Canadian company that strips CO2 from concentrated sources like flue gasses. I like them because the Canadian carbon tax will help them a ton. OXY is using Carbon Engineering' tech to build a massive carbon capture plant in the next couple years. They plan on pulling 1 million tonnes of CO2 per year from this facility and have plans for many future carbon capture plants. They also have a lot of the infrastructure in place needed to sequester CO2. Disclosure: I have a small position in DELT and no position in OXY. I'm waiting to see how this first carbon capture facility goes for them.   submitted by   /u/Aztechno1234 [link]   [comments]
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  24. Supply assurance to add more gas consumers in the east: Santosh Chandra, CEO, Essar Oil and Gas Exploration and Production (09/02/2021 - Financial Express)
    The biggest customers are the steel and alloy plant of SAIL. We also supply to other industrial units of Phillips Carbon Black and Graphite India, Matix fertilizer plant and others. We had to make them realise the cost benefits of natural gas over other fuels.
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  25. Tata Steel subsidiary’s resolution plan for Rohit Ferro-Tech filed with NCLT (07/06/2021 - Financial Express)
    The committee of creditors (CoC) approved the Tata Steel Mining resolution plan last Saturday with the requisite majority.
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  26. Russia Exports: Flat-Rolled Products Of Carbon Steel (Cmlv) (13/02/2021 - Trading Economics)
    Exports: Flat-Rolled Products Of Carbon Steel (Cmlv) in Russia increased to 3647.30 USD Million in December from 3286 USD Million in November of 2020. Exports: Flat-Rolled Products Of Carbon Steel (Cml in Russia averaged 2106.51 USD Million from 1996 until 2020, reaching an all time high of 6104.60 USD Million in December of 2008 and a record low of 0 USD Million in January of 1996. Russia accounts for Exports of Flat-rolled Products of Carbon St using cumulative values for each year (CMLV). This page includes a chart with historical data for Russia Exports of Flat-rolled Products of Carbon Steel (.
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  27. Russia Exports: Semi-Finished Prod. Of Carbon & Steel (Cmlv) (13/03/2021 - Trading Economics)
    Exports: Semi-Finished Prod. Of Carbon & Steel (Cmlv) in Russia decreased to 626.60 USD Million in January from 4846.70 USD Million in December of 2020. Exports: Semi-Finished Prod. Of Carbon & Steel (Cm in Russia averaged 2592.44 USD Million from 1996 until 2021, reaching an all time high of 10737.20 USD Million in December of 2008 and a record low of 0 USD Million in January of 1996. Russia accounts for Exports of Semi-finished Prod. of Carbon & S using cumulative values for each year (CMLV). This page includes a chart with historical data for Russia Exports of Semi-finished Prod. of Carbon & Steel.
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  28. : Elon Musk puts up $100 million for carbon-capture competition — scalability isn’t so easy (08/02/2021 - Market Watch)
    Elon Musk will tap his electric-vehicle fortune to reward $100 million in technology prizes for carbon capture, a practice still in its roughly stages that historically has divided those fighting to slow global warming.
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  29. Tata Steel share price hits new 52-week high yet again post Q4 results; stock surges 85% so far in 2021 (07/05/2021 - Financial Express)
    Tata Steel share price surged 8 per cent to a new 52-week high at Rs 1,188.65 apiece intraday on BSE after the company recorded its best-ever performance during the January-March quarter of FY21.
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  30. Tata Steel profit soars to Rs 9,768 crore as steel prices rally (13/08/2021 - Financial Express)
    Steel production was impacted by the supply of liquid medical oxygen to hospitals, leading to a moderate decline of 1.7% sequentially to 7.88 million tonne. However, coming from a low base of last year, it was up a good 42% y-o-y.
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  31. Tata Steel planning to invest Rs 8,000 crore in capex on India operations during FY22 (30/08/2021 - Money Works 4 Me)
    The amount will be spent mainly towards completion of the expansion of the Kalinganagar plant, and expansion of mining operations and recycling business
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  32. Tata Steel’s OMQ Division bags prestigious Greentech Energy Conservation Award 2021 (28/08/2021 - Money Works 4 Me)
    Tata Steel’s OMQ Division received the award for its outstanding achievements in energy conservation
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  33. NMDC in talks with banks, FIs to raise Rs 5,000 crore to part-fund Nagarnar Steel Plant (30/06/2021 - Financial Express)
    The CCEA had on October 14, 2020, gave its ‘in-principle’ approval to the demerger of Nagarnar Steel Plant from NMDC and strategic disinvestment of the demerged company by selling entire stake of the government to a strategic buyer.
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  34. Tata Steel, Adani Enterprises, Coal India, Hindustan Aeronautics, RBL Bank, steel stocks in focus (05/05/2021 - Financial Express)
    BSE Sensex and Nifty 50 are once again looking to open in red on Wednesday, after ending nearly a per cent lower in the previous session.
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  35. CEAT ties up with Tata Power (14/07/2021 - Money Works 4 Me)
    The tie-up with Tata Power for installation of solar power generation plant in Maharashtra signifies our continued commitment towards shift to sustainable energy
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  36. Stocks in focus: Adani Ports, Tata Steel, RIL, Tata Power, UltraTech Cement, Future Retail (09/02/2021 - Financial Express)
    On Tuesday morning, SGX Nifty was up 37.50 points or 0.25 per cent, mirroring the gains on Wall Street, signalling a positive start for equity markets.
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  37. Steel Strips Wheels inks pact with Tata Steel Long Products to supply round bars (30/08/2021 - Money Works 4 Me)
    These products will target automotive customers in India
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  38. NMDC rating – BUY: Demerger of steel plant is a sound trigger (18/07/2021 - Financial Express)
    Move could be prelude to its divestment; street likely to attribute value to plant; TP up to Rs 215; upgraded to Buy
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  39. Carbon Neutrality — India: The path to ‘net zero’ (17/02/2021 - Financial Express)
    The only way India can turn net zero is by removing CO2 using carbon capture and storage (CCS) technology. The government should identify centrally-owned generating stations that still have sufficient life and set up CCS units in these plants
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  40. ArcelorMittal Nippon Steel India commissions Rs 1,000-crore pellet unit (02/09/2021 - Financial Express)
    “AM/NS India will continue investing in Odisha, a promising hub for Indian steel production, and we are currently progressing plans for a greenfield steel plant in Odisha,” said AM/NS India CEO Dilip Oommen in a statement.
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  41. Pieridae Creating Caroline Carbon Capture Power Complex (27/05/2021 - Reddit Stocks)
    Carbon Capture & Sequestration, & Blue Power Complex Would Be the Biggest in Canada and One of the Largest in North America May 27, 2021 07:30 ET | Source: Pieridae Energy Limited Large-scale carbon capture and sequestration (CCS), and blue power production at Pieridae’s Caroline, Alberta facility Advances Pieridae’s long term ESG strategy and supports the company’s commitment of net-zero emissions by 2050 for its Goldboro LNG Project Sequesters up to 100 million tonnes of CO2 over three-plus decades Removes equivalent emissions of more than 650,000 cars each year1 Produces 1.9 billion kilowatt-hours of blue power2 and sequesters one million tonnes of CO2 annually during Phase 1 of the Project, enough to power 112,000 households each year Produces up to 7.9 billion kilowatt-hours of blue power annually on full build-out CALGARY, Alberta, May 27, 2021 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA.TO) is pleased to announce the creation of the Caroline Carbon Capture Power Complex. The Complex, to be located at Pieridae’s Caroline Facility in Alberta, will be a combination of large-scale carbon capture and sequestration and blue power production. This development supports independent, third-party research Pieridae commissioned last year which highlights pathways to achieving net-zero emissions by 2050 for the proposed Goldboro LNG Project. CCS was noted as a reputable pathway toward this goal. https://www.globenewswire.com/news-release/2021/05/27/2237301/0/en/Pieridae-Creating-Caroline-Carbon-Capture-Power-Complex.html Disclosure: I bought in Nov 2020 and bought the dip twice. 3.5% of my portfolio.   submitted by   /u/callMeSIX [link]   [comments]
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  42. Zomato, Tata Steel, BPCL, Indian Oil, Yes Bank, Tata Power, Chemplast, Aptus IPOs, IRCTC stocks in focus (12/08/2021 - Financial Express)
    Nifty futures were trading 29 points or 0.18 per cent up at 16,323 on Singaporean Exchange, suggesting a positive opening for BSE Sensex and Nifty 50 on weekly F&O expiry day.
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  43. Tata Steel pioneers deployment of Electric Vehicles for transportation of finished steel in country (31/07/2021 - Money Works 4 Me)
    This endeavour marks the first-ever deployment of Electric Vehicles by any steel producer in the country for transportation of finished steel
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  44. Tata Xpres-T EV Launched for Fleet Buyers: Price, Range, Charging Time, Specs and More (16/09/2021 - Financial Express)
    Tata Motors has launched the new Tata Xpres-T EV in India for fleet buyers and its price starts at Rs 9.54 lakh, Ex-showroom Delhi. The Xpres-T has a claimed range of up to 213 kms on a single charge.
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  45. ArcelorMittal Nippon Steel commissions second pellet plant complex in Odisha (03/09/2021 - Money Works 4 Me)
    In addition, the company operates an 8-MTPA pellet plant in Visakhapatnam, Andhra Pradesh
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  46. Salasar Techno Engineering launches heavy structural steel manufacturing unit (07/04/2021 - Money Works 4 Me)
    The newly launched plant is one of the largest installed capacities plant in North India with a total production capacity of 15000 tonne per annum
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  47. Jindal Steel & Power gets revised Rs 7,401 crore offer for Jindal Power (26/07/2021 - Money Works 4 Me)
    The divestment is in line with JSPL's strategic objective to continuously reduce its debt and carbon emissions and focus on steel business
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  48. : Exxon floats idea for $100 billion private-public carbon capture hub, largest of its kind (21/04/2021 - Market Watch)
    Exxon Mobil has floated a proposal for a public-private project that would grab carbon dioxide emissions from U.S. petrochemical plants and bury them in deep under the Gulf of Mexico.
    [visit article]
  49. Shell proposes big carbon capture project in Alberta (13/07/2021 - Seeking Alpha)

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