Tata Steel announced on Thursday that it is negotiating with the Dutch government to create a plan to reduce carbon emissions at its Netherlands factory. This comes after reports suggested the Dutch government might invest up to 3 billion euros (3.26 billion dollars) to help transform the IJmuiden factory, which has caused significant health and environmental issues nearby.
The Dutch Parliament approved a mandate in March for the government to negotiate support terms for Tata Steel Nederland’s decarbonization proposal. The Dutch government has since developed a detailed framework for discussions with Tata Steel, which will take several months.
Final terms will need approval from both the Netherlands Parliament and Tata Steel’s Board, making it too early to draw any conclusions, the company stated.
In October 2021, Tata Steel split its UK and Netherlands operations into separate entities. Tata Steel aims to produce CO2-neutral steel in Europe by 2050 and is working closely with the Dutch government on emission and health standards for the project.
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