JSW Steel USA has announced a $110 million investment in its Baytown, Texas manufacturing facility. This initiative aims to modernize the mill with sustainable technology and equipment to produce high-quality monopile steel plates. This move is part of the broader U.S. strategy to expand offshore wind energy, with a target of deploying 30 gigawatts (GW) by 2030 to power 10 million homes with clean energy.
The investment aligns with the “Buy America” requirements, catering to niche grades and sophisticated applications such as hydrocarbon pipelines, offshore wind towers, high-density pressure vessels, and monopile steel plates. Parth Jindal, Director at JSW Steel USA, announced the upgrades at the 10th SelectUSA Investment Summit in Maryland, emphasizing the support for the company’s long-term ESG initiatives and the decarbonization of the U.S. energy spectrum.
The company aims to reduce U.S. import reliance in the infrastructure and renewable energy sectors, aligning with the Department of Energy’s emission reduction priorities and promoting industrial decarbonization across the iron and steel industry. Additionally, JSW Steel USA plans to insource steel slab production from its Ohio facility, where it recently invested $145 million to upgrade its “clean steel” manufacturing processes.
JSW Steel is committed to reducing its CO2 emissions by 42% from its steel-making operations by 2030 and achieving net carbon neutrality by 2050. The new projects are expected to be completed and commissioned by FY26. Rob Simon, CEO of JSW Steel USA, highlighted the investment as a testament to the strong relationship between the U.S. and India in the critical steel industry.
Source: Fortune India
