The UK can be a world leader in clean steel production, Labour vowed as the industry faces painful job cuts as part of the drive to lower emissions.
The taxpayer funding will help switch the plant’s two coal-fired blast furnaces to electric arc versions, which can run on zero-carbon electricity. The firm, which employs around 8,000 people across the UK, will also invest about £750 million in the project. A Government spokesman said: “Our commitment to the UK steel sector is clear, including announcing a major package of support on energy costs and recent Government financing to enable greener steel production by Tata Steel at Port Talbot.
We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don’t like our community, you can check out any time you like.If you’re curious, you can read our Privacy Notice. "We will ensure the UK’s steel industry is backed, not abandoned. We’ll invest in the communities that are at the heart of the future by investing £3 billion over a decade to greening steel across the UK, from Port Talbot, to Rutherglen, to Scunthorpe.
The Unite union called for Sir Keir to back its plan for the industry, which includes a £12 billion, 12-year phased transition to green steel and changes to procurement rules to allow public contracts to use 100% British metal.