Business and Trade Secretary Jonathan Reynolds said: “This is a major step forward in securing a bright, long-term future for steel in South Wales, following the improved deal for Port Talbot’s transition we agreed with Tata Steel and the next phase of our Plan for Steel – unveiled last week.
Tata said that supported by £500 million of Government funding, the investment will preserve 5,000 Tata Steel UK jobs and cut on-site CO2 emissions by 90% compared to previous blast furnace-based steelmaking.
“Today’s news will provide security for Port Talbot’s green steel transition and help give Welsh steelmaking the certainty it needs to drive growth and attract investment, as part of our Plan for Change.”.
Rajesh Nair, chief executive of Tata Steel UK, said: “We are very pleased to have secured approval to build sustainable steelmaking in Port Talbot.
“The facility will secure high-quality steel production, preserve thousands of jobs, and safeguard steel making in Port Talbot for generations to come.”.
