Sustainable Process – Essar Minmet

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Sustainable Process – Essar Minmet

Environmental, Social & Governance Compliance

Essar is a responsible and law-obedient Corporates in India with structured Corporate Governance. Essar believes in Sustainable & environmentally friendly growth which can contribute to social development apart from Economic development. The proposed 14 MTPA Project is one the best Nature-friendly project with unparalleled Environmental Benefits.

Environmental

Benefits:

The Proposed plant uses Iron Ore Fines as the major raw material which are available in abundant otherwise the accumulation of the same can create environmental issues.
Provision of Return water to substantially reduce the makeup water consumption per ton of pellet production.
The Iron slurry will be transported to Pellet plant by a 250 km long slurry pipeline which is not only a very economical and socio environmental friendly but also avoids a more herculean task transportation of the same by road or rail networks.
Technological intervention of state of art clarifiers and pressure filters ensures in dry residual iron ore fines instead of wet tailings.
The water recovered above will be reused in process water requirement thereby minimizing the drawing of makeup water from natural water source and effective utilization of resources.

Iron Ore Slurry will be collected in slurry storage tanks in Pellet Plant and the water from the slurry will be separated by using pressure filters. The water recovered from the slurry will be used to meet the process water requirement of Pellet Plant.
The excess water from filtration water will be sent back to Beneficiation Plant by a Return Water Pipeline which will ultimately reduce the makeup requirement by 30% thereby saving precious natural water sources.
The Project process is being developed on “Zero Discharge” philosophy and all the discharges will be recirculated and used with in the plant through necessary treatment facilities at Pellet Plant.
Rain water harvesting at Beneficiation plant and Pellet plant will be installed.

33% of the total land at Beneficiation and Pellet plant will be covered under green belt.
The proposed Plant is less noise intensive, free from chemical hazards and poisonous gaseous emissions.
The Pellet plant is designed to run on Natural Gas and Furnace oil in case of emergency.
Emission of flue gases will be passed through advance air pollution control systems to minimize the suspended particles.
Part of the total power requirement will be generated from renewable energy ( solar power).
The technology and other services including utilities at both the plants will be towards fulfilling the carbon neutrality.

Social

Benefits

The proposed project is not only environmental friendly but also plays an important role in bringing sizeable social and economic development in the nearby areas of plant location.
Essar, as a responsible Corporate, having well-structured and professional Corporate Social Responsibility processes & an organization to implement various community welfare measures.
Essar has an experience and knowledge in handling & implementing social and community development activities in remote areas.
Generation of both direct indirect employment.
Development of Project area due to various associated auxiliary business units.
Works for improvement in welfare of Community through CSR initiatives.
Development of social and community welfare aspect.

Governance

Aspects

Corporate governance is the system by which companies are directed and controlled. The responsibilities of the board include setting the company’s strategic aims, providing the leadership to put them into effect, supervising the management of the business, and to shareholders on their stewardship.

Essar is a responsible Corporate having a robust governance policy and believes in inclusive development works to

• Recognise and work for benefit of all stakeholders
• maintains and values investor’s confidence in the organization
• ensures corporate success and economic growth
• Maintains stability in the organization
• Maintains a transparent and trustworthy Governance policy
• Respect the rule of law and gives utmost importance to compliance of statutory regulations
• Ethical Conduct
• Innovation and Openness to Change

Essar maintains a high degree of transparency in its governance and works for continual improvement. The Governance mainly consists of Stake Holders, the Board of Directors, the Management Committee, Management and Internal Auditors & External Auditors, and maintains independency & accountability in operations.

The proposed project will adopt Eco-friendly technologies leading to large Sustainable Environmental Benefits. This will usher in substantial economic growth in the region.