The project, funded by the UK Government with GBP 500 million (approximately EUR 600 million), will create 5,000 jobs at Tata Steel UK and reduce the plant's carbon emissions by 90% compared to blast furnace-based production. This is equivalent to a 1.5% reduction in the country's total CO₂ emissions. The approved plan includes the construction of an electric arc furnace, two new ladle metallurgy furnaces for secondary steel production and supporting infrastructure.
Rajesh Nair, CEO of Tata Steel UK, expressed his excitement at the decision and added: “This approval to build sustainable steel production in Port Talbot is an important milestone for our project. We aim to have the electric arc furnace operational by the end of 2027.” Noting that the total investment of GBP 1.25 billion (approximately EUR 1.50 billion) is one of the largest investments in the UK steel industry in decades, Nair emphasized that the new plant will secure high quality steel production, safeguard thousands of jobs and make steel production sustainable for future generations.
Jonathan Reynolds, UK Minister for Energy and Industrial Strategy, welcomed the development and stated, “This decision represents the next stage in our transformation plan announced last week, improving on the agreement for Tata Steel's transformation at Port Talbot. “This is a critical step in securing a long-term guarantee for steel production in South Wales.”
Comments
No comment yet.