JSW Steel announced on Tuesday, June 25, that its US-based subsidiary will invest $110 million to modernise its steel plate mill in Baytown, Texas. This initiative, revealed at the 10th Select USA Investment Summit hosted by the US Department of Commerce, aims to integrate sustainable technology and advanced equipment into the facility.
The modernisation project will enhance JSW Steel USA’s capacity to produce high-quality monopile steel plates, crucial for the US administration’s goal to expand offshore wind energy. The US aims to deploy 30 gigawatts of offshore wind energy by 2030, enough to power 10 million homes with clean energy.
The upgraded facility will meet Buy America’s requirements, offering specialised steel products for hydrocarbon pipelines, offshore wind towers, high-density pressure vessels, and other advanced applications.
