
Tata Steel Nederland submits its EIA report
"The new steel plant, which will operate using natural gas and green electricity instead of coal, is expected to slash CO₂ emissions by 5 million tonnes," the company said in a press release on Monday.
With future integration of hydrogen, bio-methane, and underground carbon storage, the reductions could go even further- making this the largest single-company CO₂ cut in the Netherlands. "Our Green Steel plan, developed in close collaboration with trade unions and fully backed by our parent company in India, represents an unprecedented shift. We are moving away from coal, and towards a cleaner, greener future,", Hans van den Berg, chief executive officer of TSN, said in a statement.
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Time of India
a day ago
- Time of India
Tata Steel Nederland submits its EIA report
Jamshedpur: Tata Steel Nederland (TSN) has submitted its Environment Impact Assessment (EIA) to the province of North Holland. The report lays bare the environmental and health implications of the Steel Major's plans to overhaul its steel production at the Ijmuiden site. "The new steel plant, which will operate using natural gas and green electricity instead of coal, is expected to slash CO₂ emissions by 5 million tonnes," the company said in a press release on Monday. With future integration of hydrogen, bio-methane, and underground carbon storage, the reductions could go even further- making this the largest single-company CO₂ cut in the Netherlands. "Our Green Steel plan, developed in close collaboration with trade unions and fully backed by our parent company in India, represents an unprecedented shift. We are moving away from coal, and towards a cleaner, greener future,", Hans van den Berg, chief executive officer of TSN, said in a statement.


Time of India
4 days ago
- Time of India
UT to hire consultant to get green nod for mkt
Chandigarh: The Chandigarh administration is set to appoint a consultant to obtain environment clearance for the much-delayed bulk market in Sector 56. This clearance is required from the ministry of environment. The total area of the project may necessitate environmental clearance, which will also require holding a public hearing. "As per the rules related to the environment, the clearance is necessary for projects where the built-up area is 20,000 square metres or more. For this, work on the project cannot start without approval as per the guidelines of the Environment Impact Assessment (EIA) on the instructions of the ministry of environment, forest and climate change. Therefore, it is imperative for the administration to obtain this approval for the market," said an official. In the bulk market to be built in Sector 56, the Dhanas marble market and furniture market businesses are to be rehabilitated. The estate office plans to auction booths and other properties in this market. There are one-kanal 200 plots and 55 booths in the market. tnn The market has been in the works for several years now. Last year, the administration finalised the plan to develop the market in Sector 56. The proposed market will offer an opportunity for operators from the marble and furniture markets to purchase plots or booths in the bulk market. Consequently, these illegal markets will be shifted to the new market. The administration planned to demolish both markets after the start of the bulk market.


Mint
4 days ago
- Mint
US oil/gas rig count falls for 4th month to Oct 2021 low, Baker Hughes says
June 27 (Reuters) - U.S. energy firms cut the number of oil and natural gas rigs operating for a fourth month in a row to the lowest since October 2021, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by seven to 547 in the week to June 27. Baker Hughes said oil rigs fell by six to 432 this week, also their lowest since October 2021, while gas rigs decreased by two to 109. In June, drillers cut 16 oil and gas rigs, putting the total count down for a fourth month in a row for the first time since June 2024. The oil and gas rig count declined by about 5% in 2024 and 20% in 2023 as lower U.S. oil and gas prices over the past couple of years prompted energy firms to focus more on boosting shareholder returns and paying down debt rather than increasing output. The independent exploration and production (E&P) companies tracked by U.S. financial services firm TD Cowen said they planned to cut capital expenditures by around 3% in 2025 from levels seen in 2024. That compares with roughly flat year-over-year spending in 2024, and increases of 27% in 2023, 40% in 2022 and 4% in 2021. Even though analysts forecast U.S. spot crude prices would decline for a third year in a row in 2025, the U.S. Energy Information Administration (EIA) projected crude output would rise from a record 13.2 million barrels per day (bpd) in 2024 to around 13.4 million bpd in 2025. On the gas side, the EIA projected an 84% increase in spot gas prices in 2025 would prompt producers to boost drilling activity this year after a 14% price drop in 2024 caused several energy firms to cut output for the first time since the COVID-19 pandemic reduced demand for the fuel in 2020. The EIA projected gas output would rise to 105.9 billion cubic feet per day (bcfd) in 2025, up from 103.2 bcfd in 2024 and a record 103.6 bcfd in 2023. (Reporting by Scott DiSavino Editing by Marguerita Choy)