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Tata Steel and the Dutch government ink Pact on financing for the transition to low-emission steel at the Ijmuiden mill

Tata Steel and the Dutch government ink Pact on financing for the transition to low-emission steel at the Ijmuiden mill

Indian steel producer Tata Steel Limited has signed an unconsecrated agreement with the Dutch government to switch to low-carbon steel production at its Ijmuiden mill, it said in a statement on Tuesday, September 30.

. Processes.

The Dutch government intends to provide up to 2 billion euros under the PACT, while the Dutch division of Tata Steel has applied 0.3 billion euros to the EU Innovation Fund. Euro, the company said

It is expected that the remaining costs will be funded by a combination of Comeconed of Comedy, Cash-generated by Tata Steelland, funded by Dogning, and funded by, a combination funded by Tata Steelland, and funded by financing. Steel.Tata Steel Nederland has not completed the overall costs because it has not completed the full engineering plans for the project, the company said.

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