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Will Tata Steel's Dutch pact help cut its emissions?
Mint New Delhi
|October 01, 2025
Tata Steel signed a pact with the Netherlands government on Monday to receive up to €2 billion aid to cut emissions at its Dutch facility.
The announcement comes 5 months after it laid off 1,600 workers to boost profits. Mint unpacks the importance of the non-binding agreement.
What is the agreement for?
Tata Steel Nederland will get up to €2 billion from the Dutch government to transition to lower emissions and low-carbon steel manufacturing at its IJmuiden plant. Per the government, Tata Steel will have to spend €4 billion to €6.5 billion in total to cut emissions at its Netherlands operation to meet local rules. The remaining funds will come from the company's cash flows, debt, and from Indian parent Tata Steel. It has also applied for a grant of about €0.3 billion from the EU Innovation Fund. Tata Steel came to own both the IJmuiden plant and UK's Port Talbot as part of its 2007 buy of Europe's Corus Steel.
Why is this key for TataSteel and the Dutch?
Denne historien er fra October 01, 2025-utgaven av Mint New Delhi.
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