Tata Steel finished separating Tata Steel UK and Tata Steel Netherlands into two distinct businesses in October 2021.
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To meet the company’s objective of producing CO2-neutral steel in Europe by 2050, Tata Steel is developing a strategy for the UK and the Netherlands to switch to low carbon technology for steel production.
Tata Steel finished separating Tata Steel UK and Tata Steel Netherlands into two distinct businesses in October 2021.
According to the company’s CEO & MD T V Narendran and Executive Director & CFO Koushik Chatterjee, Tata Steel UK and Tata Steel Netherlands have both been developing comprehensive plans for the transition to low CO2 technologies in line with the company’s goal to produce CO2-neutral steel by 2050 in Europe.
In the company’s annual report for 2021–2022, the management stated, “At Tata Steel Netherlands, we expect to gradually phase out our blast furnaces and coal over the next ten years by replacing them with a mix of Direct Reduced Iron (DRI) technology based on hydrogen, and electric furnaces.
The business can produce 7 MTPA in the Netherlands.
The firm claims that Tata Steel UK has a 5 million tonne yearly capacity and produces steel using blast and basic oxygen furnaces (MTPA).
In a statement on its activities in India, the business stated, “We will calibrate our growth plans and timeframe for implementation based on our assessment of the potential in the Indian market. Right now, our primary goal is to finish our
The commissioning of a pellet factory, which is 70% complete, and the phased commissioning of the cold rolling mill complex, beginning with the pickling line and the cold rolling mill, will take place in 2022–2023 at Tata Steel.
Both are margin expansionary initiatives that are a component of Kalinganagar’s overall expansion project. This growth at Kalinganagar focuses on higher value-added goods such as plates, coated goods, cutting-edge high-strength steels, and goods for more recent applications.
In India, capacity expansion via the scrap Electric Arc Furnace (EAF) method will also be implemented as part of the company’s mid-term strategy to produce steel from the scrap that has been gathered and processed.
“There are also plans for shifting from metallurgical coal to cleaner fuel like natural gas, upscaling pilots of CCU (carbon capture units), and hydrogen-based steel-making in India. In FY 2021-22, a 5 TPD (tonne per day) pilot plant was successfully commissioned at Jamshedpur to capture CO2 from blast furnace gas. We have also successfully tried continuous injection of Coal Bed Methane (CBM) gas in one of our blast furnaces,” the company said.
