To avoid big energy bills ‘green’ steel is made at night: LIBERTY Steel UK has reported the renewal of construction at its electric arc furnace factory in Rotherham, northern England, with activities happening at night to save energy costs.
As reported by the company, the plant will be functional between 11 p.m. and 6 a.m., when “energy prices will be substantially cheaper.”
The plant is regarded as one of the most energy-intensive industrial locations in the United Kingdom, is said to generate sustainably-produced steel for infrastructure and engineering projects.
The restart follows a £50 million financing infusion from LIBERTY Steel’s parent firm GFG Alliance, with the steel producer aiming to achieve 50,000 tonnes per month as soon as feasible.
Earlier this month, the British steel sector requested government assistance to deal with rising gas prices.
“As LIBERTY Steel UK ramps up we’re showing our commitment to make South Yorkshire a UK GREENSTEEL hub.” Said Chief Executive Officer Subhajit Roy Chowdhury LIBERTY Steel Uk’s
“LIBERTY is determined to support the government’s drive towards a net zero economy and to make the decarbonisation of the UK steel industry a reality. We are committed to supporting the UK’s infrastructure growth plan.”
To avoid big energy bills ‘green’ steel is made at night