~ Imported 1,65,700 metric tons of coal from Gladstone, Australia to Dhamra, India with 35% less carbon emission as compared to traditional methods ~
Tata Steel has adopted various “industry first” initiatives in sustainability. Reiterating its commitment to a sustainable future, Tata Steel becomes the first Indian company to import cargo on bulk carrier that uses LNG as fuel instead of traditional VLSFO (Very Low Sulphur Fuel Oil). This groundbreaking vessel sets a new benchmark for sustainable shipping practices in India and marks a significant milestone in the country’ maritime sector.
On July 24, 2023, cape vessel "MV Ubuntu Unity" successfully berthed at Dharma port to discharge 1,65,700 metric tons of coal. The vessel was received at port by Ranjan Sinha, Chief Group Shipping, Tata Steel, along with other senior executives of Tata Steel and Dhamra Port. Going forward, Tata Steel plans to import ~1 million tons of coking coal in FY24 from Australia in such LNG powered vessels. Dhamra Port also extended special privilege to the LNG vessel thereby contributing to Tata Steel’s quest to lower Scope 3 emission.
MV Ubuntu Unity loaded coal from Gladstone port and sailed off on July 1, 2023. She used LNG during its ballast leg (Tianjin to Gladstone) and a mix of LNG and traditional fuel during its laden leg (Gladstone to Dhamra). Carbon emission for this voyage was ~1800 tons lesser which is ~35% less as compared to traditional Baltic specification cape vessels.
LNG is a cleaner fuel as compared to heavy fuel oil used in bulk ships and with increasing availability of LNG, this fuel is considered as transition fuel on the path of zero carbon emissions. Equipped with state-of-the-art technology, the vessel significantly reduces carbon emissions thereby aligning with global efforts to reduce climate change.
Peeyush Gupta, Vice President, Group Strategic Procurement and Supply Chain, Tata Steel, said: “In 2021, Tata Steel became the first in the Indian Steel Industry to deploy a ship powered by biofuel. We continued the decarbonation drive with 7 biofuel shipments in FY23. In continuation to our sustainability drive, in FY24, we are the first to deploy an LNG powered vessel for transportation of raw materials to India. This is a landmark initiative to lower the Company’s Scope 3 carbon footprint. With innovation and participation of all the partners, in FY24, we endeavour to perform 10% of our total number of shipments for imports through alternate fuel powered vessels.”
Earlier in December 2021, Tata Steel had deployed the first Bio-Fuel powered vessel MV Frontier Sky which was also the first by any Indian steel manufacturer.
Tata Steel is also the first steel producer in the world to join the Sea Cargo Charter (SCC) to align its chartering activities with responsible environmental behaviour, consistent with the policies and ambitions of International Maritime Organisation.
About Tata Steel
Tata Steel group is among the top global steel companies with an annual crude steel capacity of 35 million tonnes per annum.
· It is one of the world's most geographically diversified steel producers, with operations and commercial presence across the world.
· The group recorded a consolidated turnover of ~US$30.3 billion in the financial year ending March 31, 2023.
· A Great Place to Work-CertifiedTM organisation, Tata Steel Limited, together with its subsidiaries, associates, and joint ventures, is spread across five continents with an employee base of over 77,000.
· Tata Steel has announced its major sustainability objectives including Net Zero Carbon by 2045, Net Zero Water consumption by 2030, improving Ambient Air Quality and No Net loss in Biodiversity by 2030.
· The Company has been on a multi-year digital-enabled business transformation journey intending to be the leader in ‘Digital Steel making by 2025’. The Company has received the World Economic Forum’s Global Lighthouse recognition for its Jamshedpur, Kalinganagar and IJmuiden Plants.
· Tata Steel aspires to have 25% diverse workforce by 2025. The Company has been recognised with the World Economic Forum’s Global Diversity Equity & Inclusion Lighthouse 2023.
· The Company has been a part of the DJSI Emerging Markets Index since 2012 and has been consistently ranked amongst top 10 steel companies in the DJSI Corporate Sustainability Assessment since 2016.
· Tata Steel’s Jamshedpur Plant is India’s first site to receive ResponsibleSteelTM Certification.
· Received Prime Minister’s Trophy for the best performing integrated steel plant for 2016-17, 2023 Steel Sustainability Champion recognition from worldsteel for six years in a row, 2022 ‘Supplier Engagement Leader’ recognition by CDP, Top performer in Iron and Steel sector in Dun & Bradstreet's India's top 500 companies 2022, Ranked as the 2023 most valuable Mining and Metals brand in India by Brand Finance, and ‘Most Ethical Company’ award 2021 from Ethisphere Institute.
· Received 2022 ERM Global Award of Distinction, ‘Masters of Risk’ - Metals & Mining Sector recognition at The India Risk Management Awards for the seventh consecutive year, and Award for Excellence in Financial Reporting FY20 from ICAI, among several others.