Billionaire steel magnate commits to net zero by 2030

Billionaire Sanjeev Gupta has said his steel empire will achieve net zero greenhouse gas emissions by the end of the next decade, following a merger of his global businesses.

The Gupta Family Group Alliance (GFG Alliance), which owns steel businesses around the world, made the net zero announcement today. The merger includes the Liberty House Group, which in 2017 bought out the ailing Tata Steel Europe speciality steel division for £100m. 

Gupta said that the formation of the new Liberty Steel Group, will allow the company to produce 18m tonnes of steel annually, making it the fourth largest steel manufacturer in Europe and the world’s eighth largest producer, outside of China.

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