Our economy is in dire straits.
Demand for European cars is plummeting, causing major brands to close their factories or cut production dramatically. Meanwhile, Chinese companies are selling cars as well as steel on a large scale at prices far below market value. Trade agreements with other continents are also under pressure due to political shifts, for example in the US. And the sky-high energy prices in the Netherlands are further damage our position. In short, the basis for our current economy is not stable.
First, an ode to the material steel.
Because steel contributes to a more sustainable society. It is infinitely recyclable, with no loss of quality. Something that plastic and cardboard cannot match. Did you know that 85% of steel is reused? Moreover, steel is so strong and versatile that it is used in countless applications. It is therefore the basis of many innovations, such as the Hyperloop and electric cars. And our steel is of high quality, which makes it incredibly durable. Indeed, this is why we are one of the few battery steel suppliers worldwide.
1 kilo steel per day
In the Netherlands, each person consumes an average of 1 kg of steel per day, which is equivalent to the amount of steel that Tata Steel produces here every year. This means that the Netherlands is self-sufficient in that area and does not have to depend on other countries.
This is an important asset, especially in times of global political uncertainty. It was precisely the reason why the Nederlandse Hoogovens (now Tata Steel Nederland) was founded after World War I. This value of independence also became painfully clear during the corona pandemic and the war in Ukraine.
But it goes beyond than that.
Tata Steel already contributes quite a bit to the Dutch economy with a percentage of 0.5 of the total gross domestic product. And this will rise by 59% to around €6.9 billion by 2037. This has everything to do with our switch to a more sustainable way of making steel.
That investment will reduce emissions and increase employment. We work with local suppliers as much as possible.
Less coal means less emissions.
Our current steel process still relies heavily on coal, and burning coal releases much CO2. But by making steel in a completely new way, we can already reduce emissions by 40% by 2030. For the Netherlands, this means meeting almost a quarter of the industrial climate targets. And by 2045, we even want to be completely climate neutral. A promising prospect!
And what about the energy transition in the Netherlands?
As we move away from coal, our demand for renewable energy increases substantially. This gives energy providers the security to invest further, for instance in offshore wind farms. This will make us a major driver of the Dutch energy transition. In this respect, our site near the coast and the North Sea Canal is the ideal junction where everything comes together: wind, hydrogen and green electricity.
For more than 100 years, we have been making steel in the IJmond region.
This is partly due to our enormous innovative strength. Currently, hundreds of researchers are working on making our processes more sustainable and developing new products and applications. Futuristic applications, such as the hyperloop. We do this with universities and research institutes, among others. And our own in-house academy ensures that our employees can make the green steel of the future.
NL - Duurzaamheid - Maatregelen
Tata Steel heeft de afgelopen jaren meer dan 300 miljoen euro geïnvesteerd in het verminderen voor overlast in de omgeving.
NL - Duurzaamheid - Groen - CO2-neutraal staal
Staal maken gaat gepaard met veel CO2-uitstoot, met name door het gebruik van kolen. Dat moet anders, ook bij ons.
NL - Toegevoegde waarde van Tata Steel in Nederland
De impact van de transitie van Tata Steel naar een schoon, groen en circulair staalbedrijf op de Nederlandse economie en maatschappij