NZ Steel gives green light to 'viable' green steel deal

The upgrade will reduce carbon emissions at the Glenbrook steel mill by 800,000 tonnes a year. (Image: NZME)

Fri, 08 Sep 2023

New Zealand Steel is going ahead with its $300 million partial electrification of the country's only steel mill – part-funded by the government – after deciding it was viable.The government announced in May it would invest up to $140m in the upgrade, which will reduce carbon emissions at the Glenbrook steel mill by 800,000 tonnes a year. On Sept 8, it announced that a feasibility study had been completed on the viability, risk, and expected costs and had the full green light from NZ Steel.Production using the new furnace is expe...

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