JSW Group, a $23 billion diversified business conglomerate, has entered into a strategic agreement with Coolbrook, a Finnish transformational technology and engineering company. The strategic partnership would focus on implementing Coolbrook’s RotoDynamic Heater (RDH) Technology at JSW’s manufacturing sites in Vijayanagar in Karnataka, with the primary goal of achieving low-CO2 emission in steel and cement production.
RDH technology utilises renewable electricity to power high-temperature industrial processes, including in steel and cement production, significantly reducing the need to burn fossil fuels. In steel manufacturing, the technology targets the decarbonisation of manufacturing processes in traditional blast furnaces, and the Direct Reduction of Iron (DRI) based production of iron and steel.
Coolbrook’s Technology has the potential to reduce global CO2 emission in heavy industries by 30%, equivalent to more than 2.4 billion tonnes annually, by replacing the burning of fossil fuels with electrification powered by renewable energy. The technology has two main applications — electrifying and decarbonising high-temperature process heating in the production of cement, steel and iron, and chemicals, and replacing fossil-fuel-fired steam crackers in petrochemical industry to reach 100% CO2 free olefin production.
