Carbon Efficient Operations
Astra recognises that as more and more governments around the world commit to increasing the amount of energy generated by renewable sources, there will be a proportional increase in the number of opportunities for the economically viable commercialisation of renewable energy opportunities.
As such Astra is working to ensure renewable energy plays a growing part of the company’s business model and has already made some headway into this area through our 45 per cent stake in the CO2 reduction technology for the revolutionary steel product, T-Steel.
Apart from the new opportunities provided through T-Steel and the reduction of CO2 emissions in steel production, Astra will also be investigating other areas of renewable energy to augment our existing projects.
This will include, but is not limited to, opportunities in biofuel, CO2 capture, biomass, energy efficiency for industry, waste processing to useable products and organic farming methods.
There are already a number of opportunities through the company’s existing projects in Hungary, Africa, India, Southeast Asia and Australia that can dovetail with renewable and green energy requirements.
Astra’s business model of working with strategically located resource partners to service the robust demand from the world’s major urbanisation growth markets of China and India means renewable energies will increasingly play a part in the ongoing expansion of the company.