Tata Steel has launched a Eur300 million ($363 million) environmental-improvement plan, dubbed “Roadmap+”, to reduce emissions at its IJmuiden plant in the Netherlands, the steelmaker said on Dec. 8.
The measures include the planned Eur150 million construction of a facility at IJmuiden’s pellet plant, which will reduce emissions significantly by cutting output of nitrogen oxides and heavy metal particulates by more than 90%. The project will also include an investment of Eur50 million in improvements to the coke unit and Gas Plant 2 (CGP2) at the site, helping to cut odors and emissions of particulates.
As part of the Roadmap+ program, Tata Steel Netherlands will work closely with local authority and government leaders in the province of Noord Holland to ensure the measures exceed environmental laws.
“Tata Steel is taking additional action to build on its Roadmap 2030 plan with the announcement today of Roadmap+, which will enhance the environment in and around the IJmuiden plant. We are absolutely committed to sustainability as a strategic priority across the company, of which these measures are the latest example.” Tata Steel Europe CEO Henrik Adam said.
The company has also published a progress report on Tata Steel’s Roadmap 2030 sustainability program involving 25 projects to enhance its environmental performance. According to the statement, the latest environmental measures at IJmuiden follow Tata Steel’s wider commitment to becoming carbon neutral by 2050 and to maintain its position as a global leader in low-emission steel production per tonne.
Tata IJmuiden has a design capacity of 7.5 million mt/year of crude steel, with two blast furnaces.
They company said Nov. 13 it is to separate its UK and Dutch units after having entered into talks to sell the IJmuiden mill and downstream assets to Swedish steelmaker SSAB.
S&P Global Ratings on Nov 13 revised its Tata Steel outlook to “stable” from “negative” on a solid earnings rebound.
Tata Steel’s earnings outlook is more positive than previously expected following a rebound in the second quarter of fiscal year 2021 — ending March 31, 2021 — helped by steel price increases and lower raw materials costs.
— Annalisa Villa