Tata Steel (NSE:TATASTEEL, BOM:500470) said that Tata Steel UK has started construction of its Electric Arc Furnace (EAF) facility at Port Talbot as part of a decarbonisation plan worth 1.25 billion pounds, according to an Indian bourse filing on Monday.
The project is backed by (L)500 million from the UK Government, the filing said.
The EAF, expected to be commissioned by end-2027, will produce up to 3 million tonnes of steel annually from UK-sourced scrap and is projected to cut the site's carbon emissions by 90%, or around 5 million tonnes of CO₂ per year, the company said in the filing.
The project also includes new metallurgy facilities and infrastructure upgrades, with construction led by Sir Robert McAlpine and supported by regional contractors, it added.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。