Skip to content
Search

Latest Stories

Tata Steel and JCB strike green steel deal

The partnership aims to transform steel production.

Tata Steel and JCB strike green steel deal

Wayne Asprey (L) with Anil Jhanji.

TATA STEEL UK and JCB have signed a Memorandum of Understanding to supply low-carbon 'green' steel, marking a significant step towards sustainable manufacturing in the UK.

The partnership will see Tata Steel supply green steel from its Port Talbot site to JCB once its transformation plans are completed.


This deal represents the first supply agreement since Tata Steel's £1.25 billion joint investment with the UK government to transition to low-CO2 steel production in South Wales, a statement said.

The agreement centres on a new electric arc furnace with a capacity of three million tonnes per year. The facility will be built at the Port Talbot site.The project is expected to cut CO2 emissions at the site by 90 per cent. Also, it could reduce the UK's overall carbon emissions by 1.5 per cent.

The electric arc furnace will use UK-sourced scrap metal, removing the need to import iron ore and coal from other countries. This approach supports domestic steel production.

Anil Jhanji, chief commercial officer of Tata Steel UK, said the project meets customer needs for green steel. Wayne Asprey from JCB described the agreement as a step towards reducing supply chain carbon emissions.

The £1.25 billion investment, which includes a £500 million government grant, represents the largest capital expenditure in UK steel production in decades, signalling a strong commitment to sustainable industrial development. The project is set to begin in summer 2025, with 75 per cent of raw materials to be sourced within the UK, up from the current 10 per cent.

Jhanji stressed the importance of the partnership: "Our transition plans are driven by customers like JCB who need green steel to meet their decarbonisation goals. This collaboration represents an important step in the UK's transition to a circular economy."

Wayne Asprey, JCB's group purchasing director, said, "This agreement marks an essential next step in our journey towards supply chain decarbonisation. We are fully supportive of Tata Steel UK's investment proposals."

JCB has been a pioneer in industrial decarbonisation, launching its Road to Zero programme in 2010 and developing innovative solutions like the first electric mini-digger in 2018 and hydrogen-powered machinery in 2021.

More For You

 Biman Bangladesh Airlines

Bangladesh's state-run carrier Biman Bangladesh Airlines is currently reviewing additional proposals from both manufacturers.

iStock

Bangladesh orders 25 Boeing aircraft as part of US tariff deal

Highlights
  • Bangladesh orders 25 Boeing wide-body aircraft, first delivery expected in 2029.
  • Biman Bangladesh Airlines evaluating additional offers from Boeing and Airbus.
  • Deal part of broader US trade agreement reducing tariffs from 37 per cent to 20 per cent.


Bangladesh has ordered 25 wide-body aircraft from Boeing as part of a tariff agreement with the United States, a senior commerce ministry official confirmed on Thursday, whilst the country evaluates competing proposals from European manufacturer Airbus.

"We made a commitment and ordered 25 wide-bodies, and we expect to receive the first one in 2029," official Mahbubur Rahman told AFP. "It's part of the tariff deal with the US."

Keep ReadingShow less