In order to raise awareness of green steel, Tata Steel employees carried out an awareness action using green smoke, a method commonly seen in the maritime industry. With this green smoke, produced by environmentally friendly methods certified in accordance with European Economic Area (EEA) standards, the company called on other participants in the industry to act together in the context of sustainable production. Sources from Tata Steel indicated that the company supports the efforts of its employees in this direction.
This move towards green steel production, along with ongoing discussions with governments and the implementation of customized processes, is an important step towards a green future for Tata Steel.
In addition to its economic and social contributions, Tata Steel's green steel plan also contributes to the prosperity of the Netherlands in terms of environmental sustainability, according to a research. The company's contribution to the Netherlands economy in 2022 is €4.3 billion, equivalent to 0.5% of the country's total GDP. On a regional level, this contribution accounts for 45% of economic activity in the North Sea Canal region.
The research forecasts that investments in green steel will lead to a 59% increase in gross value added, reaching €6.9 billion by 2037, driven by greater use of local energy suppliers and increased scrap utilization. For Tata Steel Netherlands, the transition is also an important contribution to achieving the Netherlands' climate goals and reinforcing the country's strategic independence in times of geopolitical uncertainty.
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