Reports: Investors eye £900m British Steel turnaround plan to deliver 'greenest steel in Europe'

BusinessGreen staff
clock
British Steel's administrators are keen to agree a takeover deal by the end of August
Image:

British Steel's administrators are keen to agree a takeover deal by the end of August

Plan to convert beleaguered Scunthorpe steelworks to produce less carbon intensive steel is being drawn up by interested buyer Ataer Holding, reports suggest

A £900m turnaround plan for British Steel that is being drawn up by Turkish investors could see the beleaguered firm's Scunthorpe steelworks reconfigured to produce the "greenest steel in Europe", according...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Choose from 3 paid membership levels or start a 7-day no strings trial

Join now Try 7 day trial

 

Already a BusinessGreen
member?

Login

More on Supply chain

Credit: iStock

Royal Mail, Co-op and Marks & Spencer pension schemes target net zero

British household names commit to halving emissions in their pension portfolios by 2030

Martin Richmond
clock 26 May 2022 • 2 min read
Rooftops in Jordanhill, West Glasgow | Credit: iStock

The UK's net zero target is under threat because there's no plan to pay for it

Building decarbonisation is critical to delivering a net zero Britain, but neither the Treasury nor Scottish government have set out a vision for how a mass green homes retrofit programme could be funded, writes Glasgow Caledonian University’s Keith Baker...

Keith Baker, Glasgow Caledonian University
clock 26 May 2022 • 4 min read
Bringing down the costs of 'green' alumnium technologies is now a key focus of the First Movers Coalition | Credit: iStock

First Movers Coalition targets aluminium and carbon removal as it swells to 50 firms

Cross-industry group that aims to bring down costs and commercialise critical decarbonisation technologies welcomes slew of new members at World Economic Forum in Davos

Cecilia Keating
clock 26 May 2022 • 3 min read