JSW
Steel USA to Invest $110 Million to Upgrade Baytown, TX Manufacturing
Operations
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
JSW Steel USA, Inc Plans To Invest $110 Million In Steel Plate
Mill Modernisation Projects. (Photo: Company Website)
JSW Steel on Tuesday said its
subsidiary JSW Steel USA plans to invest $110 million to modernise 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, enough to power 10 million homes with
clean energy, the company said.
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"JSW Steel USA, Inc plans to
invest $110 million in steel plate mill modernisation projects with sustainable
technology and state of the art equipment within its manufacturing facilities
in Baytown, Texas," JSW Steel said in a statement.
Steel products made through this
investment are aligned with "Buy America" requirements for niche
grades and sophisticated applications such as hydrocarbon pipelines, offshore
wind towers and platforms, high-density pressure vessels and monopile steel
slabs, JSW Steel said.
Parth Jindal, Director of JSW Steel
USA, said, "The new upgrades at our Plate Mill support the long-term
Environmental, social, and governance (ESG) initiative of JSW USA and support
decarbonisation of the Energy Spectrum in the USA. These investments have the
potential to significantly reduce US import reliance in the infrastructure and
renewable energy sectors.
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