Tata Steel, Dutch government and Province extend JLoI on tailor made agreement for Green Steel-Project
The Ministry of Economic Affairs and Climate, the Ministry of Infrastructure and Water Management, the Province of North-Holland, Tata Steel Nederland and Tata Steel Limited, have agreed to extend the Joint Letter of Intent (JLoI) by five months until 1 March 2027. The extension will provide the parties with additional time to address a number of outstanding matters and work towards a realistic approach to the integrated health and decarbonisation project.
The shared ambition remains unchanged. The Green Steel-Project recognises the economic importance of steelmaking to the Netherlands and aims to achieve sustainable, healthier, cleaner and future-proof steel production in IJmuiden and an improved living environment. By extending the JLoI, originally signed in September 2025, the parties allow themselves more time to address a number of recently changed circumstances and topics that are necessary to reach a final tailor made agreement and to come to a final investment decision.
More time needed for complex issues
Tata Steel Nederland explores options for the safe, responsible and controlled closure of both its coke and gas plants and is engaging with the Province of North-Holland and the Environmental Agency on this matter.
At the same time, efforts between involved parties continue to progress a solution for steel slag. The Dutch regulatory framework governing the production, storage and transportation of steel slag has become increasingly complex, with implications for steelmaking given that steel slag is an inherent result of the steel production process. A sustainable and workable solution is therefore required to provide the regulatory certainty and clarity needed to support future investment decisions.
The parties address several topics affecting the project's long-term financial and operational viability, including network tariffs and evolving regulatory and market conditions, such as the recent revision by the European Commission of the timetable for the phase-out of free CO₂ allowances.
As the basic engineering phase approaches completion, Tata Steel Nederland is working on optimization and prioritization on the spending and execution of the Green Steel-Project, including on account of changed circumstances .
An agreement of this scale and complexity requires careful development and consideration prior to arriving at a definitive project timeline.
Steps being taken
In the meantime, Tata Steel Nederland continues to make progress implementing its cultural transformation programme, improving management, governance and compliance functions. Also, key permitting procedures have been initiated, including the wind barrier, coverages and the Green Steel-Project installations.
Tata Steel remains committed to working together with the Government of the Netherlands, the province of North-Holland and other stakeholders to advance towards a realistic approach to the integrated health and decarbonisation project.
For more information about the JLoI:
https://www.tatasteelnederland.com/en/sustainability/green-steel-plan/agreement