Sanjeev Gupta pledges to invest €2bn as part of emissions fight Liberty Global to modernise European plants in effort to become carbon neutral Share on Twitter (opens new window) Share on Facebook (opens new window) Share on LinkedIn (opens new window) Save Michael Pooler, Industry Reporter YESTERDAYPrint this page0 Sanjeev Gupta has pledged to invest €2bn into his steel plants on the European mainland over the next decade, as part of a commitment by the UK metals magnate to make his Liberty Steel group carbon-neutral by 2030. The Indian-born businessman told staff the plans would modernise the facilities, boost output and help to create a “new champion in European steel”. Projects include the installation of new furnaces at sites in Romania and the Czech Republic to lower carbon dioxide emissions, as well as upgrades to factory lines. Liberty’s spending commitments come as pressure grows on heavy manufacturers to help the fight against climate change by reducing their carbon footprint. Steel production alone accounts for around 7 per cent to 9 per cent of direct emissions from fossil fuels, according to the World Steel Association. Other significant polluters include industries such as cement, chemicals and glass
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