BPCL’s MAK Lubricants Supports India's Green Steel Vision at MMMM 2024
01 Oct 2024 | BPCL
Bharat Petroleum Corporation Limited (BPCL), a Maharatna and India’s second-largest government-owned downstream oil producer, actively participated in the MMMM 2024, a prestigious event focusing on innovations in metal production and sustainable practices in the steel industry. The event, inaugurated by Hon’ble Minister of State for Steel and Heavy Industries, Shri Bhupathiraju Srinivasa Varma, brought together global leaders, industry experts, and key stakeholders from the steel and metal industries.
The event, hosted at Yashobhoomi from September 27 to September 29, 2024, included an international conference on “Process & Product Innovations in Metal Production” and an open seminar on Green Steel Production. Organized by Hyve India Ltd., IIM Delhi Chapter, Metalogic PMS, and the World Metal Forum, the event was a crucial platform for discussing technological advancements and sustainability in the steel sector.
Speaking on the occasion, Hon’ble Minister of State Shri Bhupathiraju Srinivasa Varma lauded the remarkable progress in steel production, with global capacity nearing 2.5 billion tonnes, and India’s significant role as the world’s second-largest steel producer with a capacity of 178 million tonnes in FY'24. He emphasized that the steel sector is at a pivotal moment, with future growth being driven by digitalization and sustainability. The Minister highlighted India's commitment to reducing carbon emissions, reiterating the promise made by Hon’ble Prime Minister Shri Narendra Modi at COP26 to cut carbon intensity by 45% by 2030 and achieve Net Zero emissions by 2070.
With the steel industry contributing 12% of India's total emissions, BPCL is aligned with the Government's vision of decarbonizing the sector. As a key player in the energy landscape, BPCL, through its MAK Lubricants, is committed to supporting the steel industry’s growth and sustainability initiatives.
During the event, the Minister of State also released the Conference Volume and Souvenir of the International Conference on Process and Product Innovations in Metal Production, organized by the Indian Institute of Metals-Delhi Chapter. The discussions throughout the event centered on innovations such as energy efficiency, green hydrogen, carbon capture, and the shift from coal-based DRI to natural gas-based DRI, all aimed at reducing the carbon footprint of the steel industry.
BPCL’s participation at MMMM 2024 highlights its commitment to driving India’s sustainability goals and supporting industries in their transition towards low-carbon production.
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