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Apr.19.2024 1USD=7.102RMB
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Netherlands Government Mulls Billions in Investments to Address Tata Steel's Environmental Impact [SteelHome] 2024-04-02 18:36:34

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The Nederland's government is considering a multi-billion-euro investment to mitigate the environmental effects of the Tata steelworks in Ijmuiden. Minister of Economic Affairs, Micky Adriaansens, intends to confer with Tata management in the coming weeks to outline the terms of the investment, estimated at up to EUR 3 billion by an advisory committee.

The discussion ranges from plant closure to establishing a new factory, with closure costs estimated at EUR 16 billion. Regarding other solutions, Tata Steel's green transition plan may require EUR 500 million to EUR 2 billion by 2030. Besides, Growing concerns over the health impacts of emissions from the steelworks have sparked numerous court cases. The Public Health Institute RIVM declared last September a direct correlation between the plant's emissions and the health of local residents.

Source from Yieh Corp

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