Tata Steel and its European subsidiary Tata Steel Nederland (TSN) have signed a non-binding Joint Letter of Intent (JLoI) with the Government of the Netherlands and the Province of North-Holland to advance an integrated decarbonisation and health measures project at the IJmuiden site.

The JLoI outlines the framework for the first phase of transition to low-CO2 steel production while improving the living environment around the plant. The agreement is non-binding but commits all parties to good-faith negotiations toward a tailor-made agreement, expected to be finalised in the coming months following Dutch elections and government formation.

The final investment decision will rest with Tata Steel’s Board once statutory, regulatory, and policy issues are resolved. These include engineering preparedness, permits, and agreements on critical policy matters that affect the investment case.

Commenting on the development, T V Narendran, CEO & MD of Tata Steel and Chairman of Tata Steel Nederland, said:

"We would like to thank Minister Hermans, her colleagues in the Cabinet, and the teams from the Netherlands Government and the Province of North-Holland for working with us over the last two years to reach this important first step towards creating a sustainable long-term future for Tata Steel Nederland. There is still a lot of work ahead, including addressing regulatory aspects, obtaining project permits, and finalising policy matters before we can move towards the investment decision."