Corus Denies Plans To Move European Operations To China

December 16, 2008

Email this story Print this post Add your comments

Corus Group Ltd., the U.K. unit of India’s Tata Steel Ltd., said newspaper reports that it may move operations to China unless European carbon emissions rules are overhauled are false.

The company’s spokesman Bob Jones told Bloomberg that the stories are “completely false.”

However, the Independent on Sunday reported that Corus Chief Executive Officer Philippe Varin threatened to move the company’s European operations to China. Varin told the Independent on Sunday that “If we are forced to buy CO2 credits on the market without a system to improve our production process, then we will not produce steel in Europe.”

Varin said it is extremely expensive to cut carbon emissions of steel production and could cost between €200m to €300m to upgrade a one million ton production plant.

There has been a lot of concern over how EU emissions plans will affect heavy industry – in particular the steel industry. Earlier this year, lawyers for steel giant ArcelorMittal told Europe’s highest court that there was no justification for EU lawmakers to exclude the aluminum and chemical industries from 2003 legislation that capped CO2 emissions and that the exclusion puts the steel sector at a “complete disadvantage.”

Email this story Print this post Add your comments

Advertisers

Enhance Sustainability. Improve Profitability.

Learn how at the SAP Sustainability Resource Center. >>

Unclear about the EPA's new GHG Rule?

Learn how it could affect your business. >>

EPA mandatory emissions reporting starts Jan 1st

CSA Standards can help your organization get ready for compliance. Find out how. >>

Best Practices: Product Environmental Compliance

How to achieve compliance at a significantly lower cost. Download the full report. >>

Join the Discussion

Recent Daily News [ see all ]

11/20/2009
11/19/2009
11/18/2009

Charts [ see all ]

European Paper Industry Cuts CO2 Emissions by 42% since 1990

S. America Takes Most Urgent View of Copenhagen Talks

Nike Tops Annual Climate Action Scores

Oceans May Trap more Carbon than Forests

Jobs

View All Jobs >> Post a Job >>

Comments and Discussions

Trade Association on Trade Group on EPA Chemical Regs: ‘If Everything is a Priority, Then Nothing is a Priority’
"Seriously… that..."

Gary Markowitz on Supermarkets Tackle Emissions Reductions, Fuel Efficiency
"Supermarkets waste over 10 percent of their energy through improper..."

peter in ireland on Ontario May Follow California’s Lead on TV Energy Efficiency
"Governor Schwarzenegger is shooting himself in the foot! 1...."

Environmental Leader on S. America Takes Most Urgent View of Copenhagen Talks
"The survey respondents (the PDF report mentions 4,000 respondents in 38..."

Jake on UPS Trying New Hydraulic Hybrid Trucks
"A point of clarification: the Reuters press release referenced herein reports that 20 UPS will purchase..."

Custom Organic Shirts on S. America Takes Most Urgent View of Copenhagen Talks
"90% of North Americans believe it is urgent to get a global climate..."

peter dublin on California City’s Green Building Ordinance Applies to Commercial Buildings
"Why energy efficiebnt regulation on buildings –..."

Environmental Leader