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Tata Steel gets green light for £1.25B electric furnace in UK, cutting jobs but CO2 emissions.
Tata Steel has received approval to build a new electric arc furnace at its Port Talbot site, replacing blast furnaces and reducing CO2 emissions by 90%.
The £1.25 billion project, with £500 million from the UK government, will preserve 5,000 jobs but result in about 2,000 job losses.
The transition aims to secure sustainable steel production and boost the local economy.
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Tata Steel obtiene luz verde por £1.25B horno eléctrico en el Reino Unido, cortando trabajos pero emisiones de CO2.