Tata Steel UK signs pact for electric furnace in green steel push

23 Oct 2024 CW Team

The EAF, with an annual capacity of 3 million tonnes, will replace recently decommissioned blast furnaces and rely on scrap steel sourced domestically to ensure sustainable production.

"This partnership builds on our enhanced agreement with the government and reflects our commitment to the future of UK steelmaking," said UK Business and Trade Secretary Jonathan Reynolds. He emphasised that technologies like Tenova’s EAFs are critical for decarbonizing the steel industry, creating skilled jobs, and securing economic stability in South Wales. Reynolds also noted that the government’s forthcoming steel strategy, backed by £2.5 billion, would provide additional support for the sector’s long-term growth.

The project follows a £1.25 billion joint investment commitment from Tata Steel and the UK government, with Tata contributing £750 million and the government offering up to £500 million.

“This agreement will enable the transformation of our Port Talbot operations, helping decarbonize the UK and fostering economic growth in South Wales," said T.V. Narendran, CEO and MD, Tata Steel, at the contract signing. He highlighted that the initiative aligns with the company’s goal of providing low-carbon steel solutions and supporting customers in meeting their sustainability targets.

The furnace will also help reduce Britain's dependence on imported iron ore by maximizing the use of recycled scrap. In addition, Tenova will supply advanced ladle metallurgy furnaces to produce high-grade steel for UK manufacturers and global markets.

Paolo Argenta, Executive Vice President of Tenova, praised the collaboration, stating, “We are working with Tata Steel UK with exceptional transparency and cooperation, ensuring a successful project.”

(ET)

Tata Steel has signed a contract with Italian metals technology firm Tenova to install a cutting-edge electric arc furnace (EAF) at its Port Talbot plant in Wales, marking a significant step in its shift toward green steelmaking. The furnace is expected to reduce carbon emissions at the UK’s largest steelworks by 90% annually once operational by late 2027. The EAF, with an annual capacity of 3 million tonnes, will replace recently decommissioned blast furnaces and rely on scrap steel sourced domestically to ensure sustainable production. This partnership builds on our enhanced agreement with the government and reflects our commitment to the future of UK steelmaking, said UK Business and Trade Secretary Jonathan Reynolds. He emphasised that technologies like Tenova’s EAFs are critical for decarbonizing the steel industry, creating skilled jobs, and securing economic stability in South Wales. Reynolds also noted that the government’s forthcoming steel strategy, backed by £2.5 billion, would provide additional support for the sector’s long-term growth. The project follows a £1.25 billion joint investment commitment from Tata Steel and the UK government, with Tata contributing £750 million and the government offering up to £500 million. “This agreement will enable the transformation of our Port Talbot operations, helping decarbonize the UK and fostering economic growth in South Wales, said T.V. Narendran, CEO and MD, Tata Steel, at the contract signing. He highlighted that the initiative aligns with the company’s goal of providing low-carbon steel solutions and supporting customers in meeting their sustainability targets. The furnace will also help reduce Britain's dependence on imported iron ore by maximizing the use of recycled scrap. In addition, Tenova will supply advanced ladle metallurgy furnaces to produce high-grade steel for UK manufacturers and global markets. Paolo Argenta, Executive Vice President of Tenova, praised the collaboration, stating, “We are working with Tata Steel UK with exceptional transparency and cooperation, ensuring a successful project.” (ET)

Real Estate

27 Jun 2025

Mahindra Lifespaces Bags Rs 12.5 billion Redevelopment in Mulund

Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has been appointed as the preferred developer for the redevelopment of a premium housing society in Mulund (West), Mumbai. The project will be developed across a 3.08-acre land parcel, with an estimated development value of approximately Rs 12.5 billion. Strategically located, the site enjoys proximity to major connectivity points—just 1.4 km from the upcoming Mumbai Metro Line 5 and 0.8 km from the Goregaon-Mulund Link Road. It also offers seamless access to the Eastern Expre..

Infrastructure Urban

27 Jun 2025

Snowman Adds Warehouses in Kolkata and Krishnapatnam

Snowman Logistics, India’s leading integrated temperature-controlled logistics company, has announced the commencement of operations at its two new state-of-the-art, owned cold storage facilities in Kolkata and Krishnapatnam. With these additions, the company’s total pallet capacity has reached 1,50,754, spanning 43 warehouses in 20 cities across the country. The newly operational Kolkata facility offers a storage capacity of 5,630 pallets, while the Krishnapatnam facility holds 3,927 pallets. These warehouses are equipped with advanced automation and infrastructure designed to enhanc..

Resources

27 Jun 2025

Noesis Enables IHCL Hotel Deal in Udupi–Manipal Corridor

NOESIS Capital Advisors, India’s leading hotel investment advisory firm, has successfully facilitated a landmark hospitality transaction in the Udupi–Manipal region of Karnataka. The deal involves the acquisition of a nearly completed, 130-key upscale hotel that will operate under one of the premium brands of IHCL, reinforcing NOESIS’ position as a preferred partner for strategic hospitality transactions across India. Strategically located on the Udupi–Manipal Highway, the 1.03-acre property will cater to business travellers, pilgrims and families visiting Manipal University. With..