The Outgoing Cabinet is prepared to invest a maximum of 2 Billion euros in Making Steel Factory Tata Steel More Sustainable. The Company itself is investing between 2 and 4.5 Billion euros in the project.
The so-called Customized Agreement between the Government and Tata Steel is not Yet Final, But Has Been Further Elaborated in a Letter of Intent Signed On Monday by Outgoing Climate Hermans and State Secretary Thierry Aartsen (Environment).
The Greening of Tata Steel Should Ensure Much Less Emission of Greenhouse Gases and Polluting Substances. One of the Two Blast Furnaces and One of the Two Coke Gas Plants Will Close at the End Of 2029. Initialy, Tata Steel is switching from Coal to Natural Gas, and later Wants to Produce Steel With Green Hydrogen.
What is new is that the use of biogas is also menttioned as a possibility, presumable because hydrogen is still very Expendive and Scarce. In Addition, Tata Steel also sees a Role for capturing and malfunction CO2. In Total, The Greening Should Yield Between 5 and 7 Megatons of CO2, Up to 5 percent of Dutch Greenhouse Gas Emissions.
Total Investment Not Yet Clear
To prevent Nuisance and Health Problems for Local Residents, Various Windbreaks and Canopies Will Be Placed at Raw Material Fields between 2027 and 2029. These Now Cause a Lot of Blowing Dust. The Measures Should Ensure 35 Percent Less Emission of Participated Matter. The Emission of Substances Such As Lead, Nitrogen and Sulfur Dioxide Will also BE Significantly Reduced.
The Steel Company Emphasizes in A Press Release That the Total Investment Amount Required is not Yet Entirely Clear. There should be more clarity about this when a final customized agreement is signed with the cabinet.
It is not yet know when that will be, but presumable the next cabinet will have to determine white thether definitive state aid will be granted.