Port Talbot is set for a new lease of life after plans for Electric Arc Furnace steelmaking were approved today.
The £1.25bn investment, which includes £500m government funding, will preserve 5,000 jobs and cut on-site carbon dioxide (CO2) emissions by 90% compared with previous blast furnace-based steelmaking, following the main plant’s closure at the end of September.
Rajesh Nair, CEO of Tata Steel UK, said, “We are very pleased to have secured approval to build sustainable steelmaking in Port Talbot. Amidst a challenging global market, this is a significant milestone for the project and we are committed to begin large-scale work on site this summer, ahead of the Electric Arc Furnace starting up from the end of 2027.”
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