JSW Steel USA Plans To Invests 110 Mn To Upgrade Offshore Wind Projects

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JSW Steel USA, a subsidiary of JSW Steel Ltd., plans to invest US $110 million in steel plate mill modernization projects with sustainable technology and equipment. The company plans to invest in its manufacturing facilities in Baytown, Texas. These investments are expected to 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.

The company claims that investment in these projects would be enough to power 10 million homes with clean energy. Steel products made through this investment align with Buy America’s requirements for applications such as hydrocarbon pipelines, offshore wind towers, offshore wind platforms, high-density pressure vessels, monopile steel slabs, and offshore wind towers. These new investments were announced at the 10th Select USA Investment Summit hosted by the US Department of Commerce in National Harbour, Maryland.

Commenting on the new investments, Parth Jindal, Director of JSW Steel USA said, “The new investments at our Baytown, Texas facility reinforce JSW USA’s commitment to a sustainable and green future. The new upgrades at our Plate Mill support the long-term ESG initiative of JSW USA and support the decarbonization of the Energy Spectrum in the United States of America. The new investments will enable us to progressively deliver high-quality steel products while further defining our niche markets through a Made in America specialty steel portfolio. These investments have the potential to significantly reduce U.S. import reliance in the infrastructure and renewable energy sectors.”

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