Tata Steel Netherlands wants to save 5 megatonnes of CO2 on an annual basis by 2030, according to a document released by the company on Tuesday. That equates to 40 percent of current emissions. Outgoing Minister of Economic Affairs and Climate Bas van ‘t Wout is pleased with the plans and speaks of “an important contribution to the climate agreement”.
In the cabinet’s climate agreement, it has been agreed that the industry will have reduced emissions by 14.3 megatonnes by 2030 compared to 1990. The electricity sector is facing a target of 20.2 megatonnes. Tata Steel falls under both sectors. If the company realizes its plans, it will account for nearly 15 percent of the savings planned by those sectors.
One of the ways in which Tata Steel wants to achieve the CO2 reduction is to capture the emissions at the production location in IJmuiden. The CO2 that is captured must be stored 15 kilometers from the sea in empty gas fields. Tata Steel also wants to focus on hydrogen technology. For example, residual gases from the production process must be converted into hydrogen and the company wants a connection to the hydrogen network that has yet to be realized.
Tata Steel recognizes that the realization of the plans is dependent on permits and financing. The parent company also has yet to comment on the plans. A spokesperson says the licensing process alone could take “years”. Only then can Tata Steel enter the subsidy process.
For example, the company is aiming for a contribution from the government through subsidies to stimulate sustainable energy production and the climate transition. In addition, the company can call in the help of external financiers.
Source site www.nu.nl