Tata Steel Nederland

Naam van het bedrijf
Quick Facts
Type	Public
sector	subsector
Headquarters (Benelux Organization)	Stad, Land
Year of Origin	jaartal
Emissions (All Scopes)	XXX Megatons of CO2 (2020)
Net Income	USD$XXXX billion (2020)
Key People	naam, Chairman and CEO
Subsidiaries	dochterbedrijf 1 dochterbedrijf 2

Tata Steel Nederland, stylized as Tata Steel,

NOG IN ENGELS SCHRIJVEN Het staalbedrijf wordt opgericht in 1918 als Koninklijke Nederlandse Hoogovens en Staalfabrieken NV. In 1999 fuseerde het bedrijf met British Steel en gaat het verder onder de naam Corus. Sinds 2007 maakt het staalbedrijf deel uit van Tata Steel.

Company Structure

Board of Directors

The Board of Directors of Tata Steel Netherlands consists of Hans van den Berg (Managing Director Tata Steel Ijmuiden), Co van Dort (CFO) and Tom Eussen (Managing Director Tata Steel Downstream Europe).

The Supervisory board of Tata Steel Netherlands consists of T.V. Narendran (CEO and Managing Director Tata Steel Ltd), Marius Jonkhart, Leni Boeren and Hendrik Adam (CEO Tata Steel Europe).

Accountant

The independent external accountant of Tata Steel Netherlands is PwC

Operations

Tata Steel is part of Tata Group, which was founded in 1868 by Jamsetji Tata in India. Tata Steel in India was established in 1907 and the first ingot of steel was made in 1912. Nowadays Tata Steel is one of the world’s most geographicallly diversified steel producers with operations in 26 countries worldwide.

In 1918 IJmuiden steelworks company (also known has Koninklijke Hoogovens) was founded. Not until 1999 Corus was formed through a merger of British Steel and Koninklijke Hoogovens. In 2007 Tata Steel acquired Corus. (Tata Steel in Europe Fact Sheet September 2020). Tata Steel Europe is now one of the biggest steel producers in Europe. .

Since 1 October 2022 Tata Steel Netherlands is no longer part of Tata Steel Europe and operates independently from Tata Steel UK. The Board of Directors of Tata Steel Netherlands is fully responsible for all Tata Steel Netherlands activities, which are supervised by the Supervisory Board of Tata Steel Netherlands.

Tata Steel IJmuiden received the predicate Royal at the opening of the steel factory in IJmuiden. Although the official company name is Tata Steel IJmuiden, informally some people still call it Koninklijke Hoogovens.

In 2020 Tata Steel Netherlands (TSN IJmuiden, TSN Services, TSN Technology and TSN Tubes) more than €30 million from the NOW 1 and around €45 million from NOW 2 government grants (COVID-19 related). TSN IJmuiden received 90% of the total amount.

In 2021 Tata Steel Netherlands had to refund the entire NOW 2 grant, as it turned out that the turnover loss in 2020 was above the set threshold.

Paris Agreement to Today

beschrijving van wat het bedrijf heet gedaan en misdaan sinds het akkoord van Parijs

Current Policies and Emissions

Beschrijving van de uitstoot van het bedrijf en eventuele beleid

Climate Plans

At the beginning of 2021 Tata Steel Netherlands and the Ministry of Economic Affairs and Climate agreed in an ‘Expression of Principles’ (EoP) that Tata Steel should strive to reduce its CO2-emissions with 5 Mton in 2030

In September 2021 Tata Steel Netherlands announced that it choose to implement the ‘Direct-to-DRI – route’ (Direct Reduced Iron) plan, which was proposed by trade union FNV . This plan proposes to skip the transition plan to green steel that includes the construction of an own Carbon Capture Realization and Storage (CCUS) facility. Instead, TSN directly transitions to one DRI-plant by 2027 (combined with closing a blast furnace and a coke- and gasfactory) and a second DRI-plant between 2030 and 2040 (also combined with closing a blast furnace). At first the DRI-plant runs on natural gas, causing a reduction of 3.9 Mton CO2 with the installation of the first plant. Which is not enough to reach its own target of a CO2 reduction to 7.6 Mton by 2030. After installation of the second DRI-plant CO2 emissions will be further reduced with anotther 5.5 Mton. Between 2027 and 2040 it is expected that hydrogen will be increasinly available for the plants to run on hydrogen instead of natural gas. Depending on the availability and market prices of hydrogen both DRI-plants will be able to run completly on hydrogen, which will result in zero CO2-emissions .

It is important to remark that as long as the DRI-plants run on natural gas, there are still CO2-emissions (0.9 Mton per year per plant) that need to be captured to result in zero-emissions . Tata Steel would need to find an external facility that is able to transport and store it's CO2 emissions in order to produce green steel, as it does not have its own CCUS facility .

There are also many important conditions that need to be met in order to reach this ambition. As said before, Tata Steel's ambition to produce CO2-free steel by 2050 leans on a timely construction of a hydrogen backbone. Also, large amounts of sustainable generated energy is required to provide the energy for the electric furnaces and carbon capture systems, as long as the plants run on natural gas. This must be purchased externally, since the residual heat that Vattenfall used to provide sutainable energy for Tata Steel will disappear with the closing of the blast furnaces . Furthermore, delay of the transition to green steel is to be expected as it is dependend on a proces of granting permits by local and national government authorities, which must be accelerated to keep up with the above stated timeline . Lastly, it is to be expected that this route to green steel will have an unprofitable top, therefore requiring financial support in order to be realised .

Conclusion

Beschrijving of de plannen in lijn zijn met 'Parijs'