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Corus to invest £60 million into energy management
Feb 4, 2008
Corus Strip Products UK, has announced a £60 (EUR 80) million investment into energy management technology at Port Talbot steelworks. The investment will materially reduce carbon dioxide emissions at the site through the reuse of gas generated inside the Basic Oxygen Steel (BOS) plant.
Reducing the cost of energy has been identified as an important priority for the South Wales business to meet its challenge to compete on the global stage. Work on the project has already commenced. Similar plant technology exists at Corus' other integrated steelmaking sites at Scunthorpe and at IJmuiden in the Netherlands, as well as at Tata Steel's steel plant at Jamshedpur in India.
The investment is Port Talbot's largest since Corus' acquisition by Tata Steel in April last year. Says Acting Managing Director, Robert Bizzell, "This is a significant vote of confidence by the Corus Board and also by our new owners."
Port Talbot steelworks' current demand for energy is about 140 MW, about half of which is internally generated. Corus already recovers process gas produced in Port Talbot steelworks' coke ovens and the blast furnaces. This gas is used to generate heat and power, which contributes to the energy requirement for the whole plant.
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