The IJmuiden plant of the Tata Steel has got a one-year period from the Dutch regulators to cut down emission levels from the two plants.
What comes as bad news for the Tata Group is that one of its companies is facing a major penalty abroad. The Dutch Environmental Service has fined Tata Steel Nederland €27 million over emission standards. This has happened with two of its plants. A press release from the company on the 19th of December indicated the possibility of the Environmental Department considering the rescission of the operating license for one of the implicated plants.
Deadline To Cut Down On Emission Levels
The IJmuiden plant of Tata Steel has one year from the Dutch regulators to cut down emission levels from the two plants. The department also warned that any failure could lead to the revocation of one of the plant’s operating licenses.
Tata Steel has openly stated its readiness to hold discussions about the recent decisions made with the Environmental Service (OD), highlighting the substantial progress it has made. “We are confident that we’re making the right strides towards advancing these facilities. We don’t align with the details or reasoning of the given notice. Our intention is to reopen this discussion with the OD, the province, and other relevant participants,” conveyed Tata Steel Nederland.
“We find the way in which these decisions were made very painful,” the company statement said.
Penalty Extremely High
The company labelled the punishment as ‘ Extremely High’. Tata Steel Nederland voiced deep worries about the reliability of different assessments carried out at its units that led to such penalties. The brand conveyed that these appraisals were ‘blatantly inadequate and misguidedly handled.’ If the company doesn’t adhere to regulatory norms at one of its factories within the coming year, the authorisation might be withdrawn by the controlling body. Tata Steel has a timeline of six weeks to chalk out and propose a rectification strategy.
Tata Steel Nederland already stated that it is working on reducing CO2 emissions by 5 million tonnes every year by 2030. This will be done through an accelerated transition process, including the adoption of hydrogen-based steelmaking.
Eight-Week Recovery Period
The steel industry has expressed scepticism, claiming that the suggested eight-week recovery timeline is quite improbable and impractical. The firm also has plans to shift towards more environmentally friendly fuel sources within the span of the coming decade but this switch depends heavily on whether they receive governmental financial support.
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