Hindustan Zinc Launches EcoZen, Asia’s First Low Carbon ‘Green’ Zinc

On July 24, 2024, Hindustan Zinc Limited, India’s largest and the world’s second-largest integrated zinc producer, launched EcoZen, its low-carbon ‘green’ zinc brand. Recognised as the world’s most sustainable metals and mining company by S&P Global CSA, Hindustan Zinc has introduced Asia’s first low-carbon zinc product for customers globally.

Sustainability and Certification of EcoZen

EcoZen has been certified as low-carbon zinc by a leading global sustainability consulting firm through a life cycle assessment (LCA) and has a carbon footprint of less than one tonne of carbon equivalent per tonne of zinc produced. Made using renewable energy, EcoZen’s carbon footprint is about 75% lower than the global average.

Significance of Zinc in Industry

Zinc is mainly used to galvanise steel, protecting it from corrosion, and is crucial for modern industries. It plays a vital role in sectors such as steel, infrastructure, automotive, renewable energy, electronics, high-tech manufacturing, energy storage, defence, and electric mobility.

EcoZen showcases Hindustan Zinc’s dedication to reducing carbon emissions in its operations while offering customers a competitive edge with sustainable options. This new product will help avoid about 400 kg of carbon emissions when galvanising one tonne of steel with EcoZen.

Impact on Carbon Emissions

Hindustan Zinc’s new low-carbon ‘green’ zinc, branded as EcoZen, represents a high-quality, sustainable product that ensures eco-friendliness and reliability. EcoZen has one of the lowest global warming potential (GWP) values, about 75% lower than the global average. The product’s certification, based on a mass-balance approach and using the cradle-to-gate method, confirms its low carbon footprint.

Speaking on the occasion of the product launch, Arun Misra, CEO of Hindustan Zinc Limited, expressed, “The launch of EcoZen marks a historic milestone in our journey of decarbonising our operations, also serving environmentally conscious customers who are discerning about the origin of the raw materials they use and aim to decarbonise their supply chain. This is a major milestone in our product strategy, in line with Hindustan Zinc’s net-zero goals. Produced with a carbon footprint of less than one tonne of carbon equivalent, EcoZen represents one of the most sustainable low carbon zinc options on the market for its role in protecting infrastructure and in technologies for the low carbon transition.”

About Hindustan Zinc Limited

Hindustan Zinc Limited, part of the Vedanta Group, is the world’s second-largest integrated zinc producer and the third-largest silver producer. Supplying to over 40 countries, the company holds around 75% of India’s primary zinc market.

On July 25, 2024, the share price of Hindustan Zinc Ltd opened at ₹627.05, touching the high price of ₹629.05 as of 09:30 AM on NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.