JSW Cement, a subsidiary of the US$ 13 billion JSW Group, has inked a Memorandum of Understanding (MoU) with Punjab Renewable Energy Systems Pvt. Ltd (PRESPL) to use agricultural waste as biomass energy in its cement manufacturing operations.
‘The circular economy principle is built into our business model. We made a small start last year, meeting nearly 5% of our fuel requirements with alternate fuels,’ said Parth Jindal, Managing Director of JSW Cement.
According to the MOU, Punjab Renewable Energy Systems will create a sustainable supply chain of agricultural waste to be used as biomass energy in JSW Cement’s clinkerization and grinding processes at its manufacturing units.
In addition, the company intends to cut its carbon emissions intensity by nearly half over the next 11 years (from the fiscal year 2015 to fiscal year 26). The use of biomass as a fuel is an important component of this decarbonization strategy.
‘The biomass-based fuel model will assist JSW Cement in addressing three key aspects of sustainability, namely the environment, social, and economic. Agri-waste is typically burned in open fields, affecting the surrounding air quality,’ the company said in a statement on Wednesday.
JSW Cement will use agri-waste as fuel to help reduce its reliance on coal and reduce carbon emissions. This fuel model will also improve the local environment’s ambient air quality while assisting farmers in generating additional income.