On Sep 9-10th SteelMint Events hosted “Scrap Recycling Conference-Emerging Markets” focusing on Auto Recycling in New Delhi at ITC Maurya.
By gathering a wide range of experts – from policy makers to technocrats and investors– conference participants left with a stack full of new ideas and strategies for potential of auto recycling in India.
Conference was attended by Mr BB Singh (CMD, MSTC), Mr Sumit Issar (MD, Mahindra Intertrade), Prof Veena Sahajwalla (Director SMaRT , Australia), Mr SK Tripathi (Ex CMD MSTC) and other key stake holders in auto recycling industry in India
‘India does not have any modern auto shredding plant yet,’ notes B. B. Singh, chairman and managing director of MSTC, of which Mahindra Intertrade forms part. ‘We are sure of setting up a world-class facility which will go a long way in recycling of ELVs and reduce dependence on mining iron ore and other resources.’
Such an initiative would also yield significant foreign exchange savings as a result of import substitution of scrap, comments Sumit Issar, managing director at Mahindra Intertrade. He points out that steelmakers in India import more than 5 million tonnes of scrap per year for recycling into finished steel
Here are the 5 most important takeaways from the conference.
- Policy may come in 3-4 months
- First phase may see 15 lakhs heavy vehicles
- Ample market for big and small sized units
- Sufficient demand for scrap in the country
- How waste tyre can be used in reducing coke consumption in steel making?
Prof Sahajwalla spoke about Polymer Injection Technology (PIT) that can be used to recycle end-of-life rubber tyres to replace coal and coke in making a green steel.
The PIT or “green steel” technology introduces a simple modification into the conventional manufacturing process for steel precisely and controls the injection of granulated waste tyres in conventional electric arc furnace (EAF) steel making, partially replacing non-renewable coke.
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