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Business EconomyPosted at: Jan 18 2018 7:23PM


Metal recycling industry needs continued support: Chaudhary Birender Singh

Panaji, Jan 18 (UNI) Union Minister for Steel Choudhary Birender Singh on Thursday said that metal recycling industry is a booming industry that needs continued support and encouragement like any other industry.
Addressing the delegates numbering 1100 from different parts of the country and abroad at the two day 5th International Indian metals recycling conference being organized by Recycling Association of India (MRAI) which commenced in Goa here, the Union Government wanted India to be a world leader in energy efficiency and sustainability.
''We all know that recycling benefits our environment as it reduces greenhouse gas emissions, saves energy and protects our natural resources,'' he said.
Ministry of Steel had taken a lot of initiatives in the area of recycling, including auto-shredding plants, scrap-based steel plants and incentivising secondary steel units which were main users of scrap for steel making, he said.
''Recycling metals drastically reduces the amount of energy used to produce steel instead of using virgin ore. On an average, 74 per cent of energy is saved using steel scrap material versus ore. This also saves 40 per cent water and leads to 58 per cent reduction in carbon dioxide emissions. Different options will be evaluated in coordination with other concerned ministries to develop a quality – wise scrap segregation, collection, processing and recycling policy. Establishment of steel scrap processing units within the country will be facilitated. The first mechanized Shredding plant in India under the JV, will bring a whole new method of processing of scrap from the End of Life Vehicles (ELV),'' Mr Chaudhury said.
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