Technip Energies, in a consortium with Turner Industries, has secured a significant Engineering, Procurement, and Construction (EPC) contract from ExxonMobil Low Carbon Solutions Onshore Storage LLC. This pivotal agreement encompasses the development of a Carbon Capture, Utilization, and Storage (CCUS) system for Nucor Corporation’s manufacturing plant in Convent, Louisiana. This innovative system aims to capture […]
Tata Steel Limited has announced its consolidated financial results for the financial year ended March 31, 2024, showcasing a solid performance with consolidated revenues reaching ₹2,29,171 crores. The EBITDA for the year stood impressively at ₹23,402 crores, driven largely by robust operations in India. The company reported an EBITDA margin of approximately 11% for the […]
EP Corporate Group a.s. (EPCG) has agreed to acquire a 20% stake in the steel business of thyssenkrupp AG, marking a pivotal move in the steel industry. The transaction, which is set to close within the current fiscal year of thyssenkrupp AG, is subject to approval from relevant authorities and the Supervisory Board of thyssenkrupp […]
In a significant development for Italy’s steel industry, a Memorandum of Understanding (MOU) has been signed that promises to breathe new life into the Piombino Steelworks site. This agreement involves multiple stakeholders including the Ministry of Industry and Made in Italy, the Tuscany Region, the Municipality of Piombino, and JSW Steel Italy SRL (JSW), aiming […]
