Tata Steel to get ?500 million from UK for Port Talbot
PORTS & SHIPPING

Tata Steel to get ?500 million from UK for Port Talbot

Tata Steel announced a revival plan for its UK unit, securing a ?500 million grant from the Rishi Sunak government to help fund transition of the Port Talbot plant to more sustainable technologies. UK aims to achieve net zero on carbon emissions by 2050. The move is aimed at reducing the UK?s entire...

Tata Steel announced a revival plan for its UK unit, securing a ?500 million grant from the Rishi Sunak government to help fund transition of the Port Talbot plant to more sustainable technologies. UK aims to achieve net zero on carbon emissions by 2050. The move is aimed at reducing the UK?s entire carbon emissions by around 1.5 per cent. The three million tonne electric arc furnace being planned at Port Talbot is expected to lower carbon emissions by about five million tonnes each year. Once approvals are in place, the project is likely to be operational in about 36 months. Port Talbot has the capacity to produce five million tonnes of steel each year. Contact: Tata Steel Website: www.tatasteel.com

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