Tata Steel and UK sign pact for biggest sectoral investment
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The UK government has offered a £500 million support package to Tata Steel, owner of the Port Talbot Steelworks, to help move to greener production methods. The deal will safeguard the future of the steelworks and switch its coal-powered blast furnaces to electric arc versions, running on zero-carbon electricity. Tata Group is expected to inject £725 million into the project, creating a green technology-based industrial ecosystem in southern Wales.