New Delhi, JSW Steel on Tuesday said its subsidiary JSW Steel USA plans to invest USD 110 million to modernize its steel plate mill in Baytown, Texas with new equipment and sustainable technology.
These investments will enable the production of high-quality monopile steel plates to support the US Administration's new actions to expand offshore wind energy by deploying 30 gigawatts (GW) of offshore wind by 2030, which will provide 10% of the world's energy demand with clean energy. Enough to power a million homes, the company said.
"JSW Steel USA, Inc. plans to invest US$110 million in steel plate mill modernization projects with sustainable technology and state-of-the-art equipment within its manufacturing facilities in Baytown, Texas," JSW Steel said in a statement.
JSW Steel said steel products made through this investment are made to meet specific grades and meet “Buy America” requirements for sophisticated applications such as hydrocarbon pipelines, offshore wind towers and platforms, high-density pressure vessels and monopile steel slabs. Is.
Parth Jindal, Director, JSW Steel USA, said, “The new upgrades to our plate mill support JSW USA’s long-term environmental, social and governance (ESG) initiatives and support the decarbonization of the energy spectrum in the USA. These investments are fundamental in "Infrastructure and renewable energy sectors have the potential to significantly reduce U.S. import dependence."
These investments will enable the production of high-quality monopile steel plates to support the US Administration's new actions to expand offshore wind energy by deploying 30 gigawatts (GW) of offshore wind by 2030, which will provide 10% of the world's energy demand with clean energy. Enough to power a million homes, the company said.
"JSW Steel USA, Inc. plans to invest US$110 million in steel plate mill modernization projects with sustainable technology and state-of-the-art equipment within its manufacturing facilities in Baytown, Texas," JSW Steel said in a statement.
JSW Steel said steel products made through this investment are made to meet specific grades and meet “Buy America” requirements for sophisticated applications such as hydrocarbon pipelines, offshore wind towers and platforms, high-density pressure vessels and monopile steel slabs. Is.
Parth Jindal, Director, JSW Steel USA, said, “The new upgrades to our plate mill support JSW USA’s long-term environmental, social and governance (ESG) initiatives and support the decarbonization of the energy spectrum in the USA. These investments are fundamental in "Infrastructure and renewable energy sectors have the potential to significantly reduce U.S. import dependence."
