JSW Steel, one of India's leading steel producers, is planning to invest $100 million in its steel plate manufacturing facilities in Baytown, Texas [3d691d67]. The investment will focus on sustainable technology and modern equipment to produce high-quality monopile steel plates, supporting the US administration's goal of expanding offshore wind energy to 30 gigawatts by 2030 [3d691d67]. The steel products manufactured through this investment will meet the Buy America requirements for niche grades and sophisticated applications [3d691d67].
Parth Jindal, Director of JSW Steel USA, stated that the upgrades at the plate mill will support the company's long-term environmental, social, and governance (ESG) initiatives and contribute to decarbonization efforts in the US [3d691d67]. The investment has the potential to reduce US import reliance in the infrastructure and renewable energy sectors [3d691d67].
Rob Simon, CEO of JSW Steel USA, emphasized the company's commitment to a cleaner and greener future by supplying critical high-grade steel products for US offshore wind deployment [3d691d67]. This investment builds upon JSW USA's recent $145 million investment in its Mingo Junction facility to upgrade its 'clean steel' manufacturing processes [3d691d67].