Circular Economy Boost: From Steel Slag to Silicon Semiconductors
A strategic program is converting steel slag into high-purity silica for semiconductor use, attracting investor attention through ESG benefits and modular capital planning. Highlighting Indo-Japan activity, it offers multiple revenue streams, aligns with sustainability goals, and underscores market opportunities for semiconductors and dielectric materials.

- Country:
- India
A pioneering corporate initiative is transforming steel slag and refractory bricks into high-purity silica, crucial for semiconductor applications. The program, characterized by a modular and phased capital plan, is gaining traction among investors focused on ESG benefits.
The initiative taps into multiple revenue streams, including the sale of high-purity silica to semiconductor suppliers, licensing of purification technology, and opportunities for joint ventures with fabrication partners. These diverse streams may stabilize cash flows and enhance valuation multiples, positioning the project as a lucrative business proposition.
Industry activity between India and Japan is underscored, indicating significant momentum and potential collaboration models in the semiconductor space. This development aligns with sustainability mandates, addressing macroeconomic goals like domestic semiconductor production and supply chain diversification.
(With inputs from agencies.)