Tata Steel Ltd.

Tata Steel is planning to invest more than 65 million euros for hydrogen-based steel manufacturing in the Netherlands. Hydrogen has the potential to decarbonise steel manufacturing.

Tata Steel has inked pacts with three firms -- McDermott, Danieli and Hatch -- for the further technical preparations for hydrogen-based steel manufacturing in the Dutch city of Ijmuiden. All three companies have their own specific proficiency that is needed together to assist Tata Steel in hydrogen-based steel manufacturing.

The cost for this first development step is in excess of 65 million euros and will result in an engineering package that forms the basis for a final permitting and project planning. The overall project is led by the Tata Steel internal project and sustainability team, with close support from the main delivery partners.

Tata Steel, the flagship company of the Tata group, is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 company.