MGT 1.79% 27.5¢ magnetite mines limited.

Tata Steel advances Green Steel plan: basic engineering...

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    Tata Steel advances Green Steel plan: basic engineering contracts awarded to Danieli and Tenova (tatasteelnederland.com)

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    Pathway to complete CO2 neutrality by 2045 In the coming years, Tata Steel Nederland will transform into a clean, green, and circular steel company. The company aims to produce the full product portfolio without compromising on quality and to become completely CO2 neutral by 2045, as one of the first major steelworks in the world. Tata Steel will implement its Green Steel plan in three stages. The first stage will go into operation by as soon as 2030 and consists of 1 DRP and 1 EAF replacing Blast Furnace 7 and Cokes and Gas Plant 2 (KGF2). This means 40% less CO2 emissions. The company also wants to take measures to further reduce emissions and particulate matter, and use more scrap in the production of steel (from 17% to 30%). In the second phase of its transition, Tata Steel aims to close Blast Furnace 6 and Cokes and Gas Plant 1 (KGF1), which will result in a total CO2 reduction of approximately 80%. In the following years towards 2045, Tata Steel will become completely CO2 neutral. "

    TATA going full steam ahead with EAF = High grade ore needed = Green steel. Good times. Choke that supply chain more with your EAFs! We need to realize the 230mtpa high grade ore shortage. Go MGT!
 
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