+
Dutch may allocate ? 3 bn to Tata Steel cleanup
ECONOMY & POLICY

Dutch may allocate ? 3 bn to Tata Steel cleanup

The Netherlands was considering contributing up to ?3 billion for the green transformation of Tata Steel?s IJmuiden factory, which had caused serious health and environmental problems in the surrounding area.

The Dutch parliament approved providing subsidies to the company to accelerate the renovation, although the exact amount remained unspecified. A spokesperson for the Dutch Ministry of Economic Affairs and Climate stated that external consultants estimated the subsidies could reach ?3 billion.

The factory, which was Europe?s second-largest steel plant and one of the Netherlands? top industrial employers, had been associated with elevated lung cancer rates and reduced life expectancy in the local area. Additionally, it had faced multiple fines for emitting toxic raw cokes, which are essential ingredients in steel production and are made by heating coal in the absence of air.

Negotiations with Tata Steel to finalise the funding agreement had commenced, but the process was confidential. The ministry spokesperson mentioned that they couldn?t comment on the financial size of the subsidy at that moment.

Tata Steel spokesman Peter van Boesschoten expressed the company's satisfaction with the Dutch parliament's broad support for making the steelworks more sustainable. However, the company refrained from disclosing the exact subsidy amount.

Van Boesschoten stated, ?Apart from the money we will put in our Green Steel plan ourselves, we will need government support, just like our competitors in Germany, Belgium, and France, to establish a European level playing field as much as possible.?

The hazardous emissions from Tata Steel?s Dutch plant had been a contentious issue for some time. However, cleaning up the plant required expensive upgrades. The government had adopted a lenient approach to regulation for many years, fearing that intervention could lead to the loss of thousands of jobs.

The Netherlands was considering contributing up to ?3 billion for the green transformation of Tata Steel?s IJmuiden factory, which had caused serious health and environmental problems in the surrounding area. The Dutch parliament approved providing subsidies to the company to accelerate the renovation, although the exact amount remained unspecified. A spokesperson for the Dutch Ministry of Economic Affairs and Climate stated that external consultants estimated the subsidies could reach ?3 billion. The factory, which was Europe?s second-largest steel plant and one of the Netherlands? top industrial employers, had been associated with elevated lung cancer rates and reduced life expectancy in the local area. Additionally, it had faced multiple fines for emitting toxic raw cokes, which are essential ingredients in steel production and are made by heating coal in the absence of air. Negotiations with Tata Steel to finalise the funding agreement had commenced, but the process was confidential. The ministry spokesperson mentioned that they couldn?t comment on the financial size of the subsidy at that moment. Tata Steel spokesman Peter van Boesschoten expressed the company's satisfaction with the Dutch parliament's broad support for making the steelworks more sustainable. However, the company refrained from disclosing the exact subsidy amount. Van Boesschoten stated, ?Apart from the money we will put in our Green Steel plan ourselves, we will need government support, just like our competitors in Germany, Belgium, and France, to establish a European level playing field as much as possible.? The hazardous emissions from Tata Steel?s Dutch plant had been a contentious issue for some time. However, cleaning up the plant required expensive upgrades. The government had adopted a lenient approach to regulation for many years, fearing that intervention could lead to the loss of thousands of jobs.

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?