ILVA Taranto steel plant

From Global Energy Monitor
This article is part of the Global Steel Plant Tracker, a project of Global Energy Monitor.
Sub-articles:

ILVA Taranto is an integrated steel plant in Taranto, Italy.[1] Equipped with five blast furnaces, ILVA Taranto is the largest steelworks in Europe,[2] accounting for approximately 40% of Italian steel production.[3]

Location

The map below shows the location of the steel plant in Taranto, Italy.

Loading map...

Background

The ILVA Taranto steel plant is currently owned by the Italian government, but leased by ArcelorMittal, which has a purchase agreement to take over ILVA by May 2022.[4]

Ownership

On June 5, 2017, ArcelorMittal won approval to purchase Ilva for €1.8 billion.[5] In April 2019, the Italian government announced plans to end an immunity agreement made with ArcelorMittal to shield them from prosecution for environmental problems with the plant.[1] ArcelorMittal said that ending the immunity agreement would be a breach of contract and cause ArcelorMittal to leave the plant.[1] The immunity agreement ended on November 3, 2019.[1] On November 5, 2019 ArcelorMittal announced its intention to withdraw from the transfer agreement, returning it to Ilva, in extraordinary administration, within 30 days[6]. Procedures to shut down the plant were started, then interrupted under legal and political pressure[7].

In 2020, ArcelorMittal attempted to return Ilva to the commissioners management, under the protection of the penal shield, implementing all the modernization procedures and environmental sustainability of the Taranto plant.[8][9][10][11] ArcelorMittal began a deal with the Italian Government in which the government will take an equity stake equal or greater than ArcelorMittal's remaining liabilities against the original purchase price for Ilva.[4] If the deal is completed by November 30, 2020, the original lease and purchase agreement under which ArcelorMittal took over Ilva will close by May 2022.[4]

Emissions

According data available in 2009, in 2005 the production of dioxin by the steel industry ILVA in Taranto, Italy accounted for 90.3 per cent of the overall Italian emissions, and 8.8 per cent of the European emissions.[12]

Plant Details

Articles and resources

References

  1. 1.0 1.1 1.2 1.3 1.4 Troubles at an Aging Steel Mill Mirror Italy's Own, New York Times, Jan. 7, 2020
  2. 2.0 2.1 ILVA S.p.A., Magaldi, Retrieved on: Mar. 12, 2020
  3. 3.0 3.1 3.2 The ILVA Industrial Site in Taranto, European Parliament, 2015
  4. 4.0 4.1 4.2 4.3 ArcelorMittal signs deal to suspend plans to exit Ilva steelworks, Reuters, Mar. 4, 2020
  5. Pooler, Michael (June 6, 2017). "ArcelorMittal wins race to buy Italian steel business Ilva". Financial Times. United Kingdom. Retrieved June 8, 2017.
  6. "AM InvestCo Italy sends withdrawal and termination notice from the lease and purchase agreement for Ilva business". corporate.arcelormittal.com. Retrieved 2019-12-12.
  7. "A.Mittal has suspended furnace switchoff at Taranto steelworks - union - English". ANSA.it. 2019-11-18. Retrieved 2019-12-12.
  8. "Ilva, interviene la procura di Milano e i commissari fanno ricorso d'urgenza". milanofinanza.it. 16 November 2019. Retrieved 16 November 2019.
  9. "Ex-Ilva, i commissari denunciano Arcelor Mittal". ilsole24ore.com. ilsole24ore.com. Retrieved 16 November 2019.
  10. "Ex Ilva, ArcelorMittal spegne tutti gli altiforni: chiusura definitiva a gennaio". ilsole24ore.com. ilsole24ore.com. 16 November 2019. Retrieved 16 November 2019.
  11. "Ex Ilva, Conte: non consentiremo la chiusura, ArcelorMittal pagherà i danni". ilsole24ore.com. ilsole24ore.com. 15 November 2019. Retrieved 17 November 2019.
  12. "Peacelink" (PDF). Retrieved 2009-01-31.
  13. 13.0 13.1 13.2 ILVA S.P.A. Stabilmento di Taranto 2017, European Pollutant Release and Transfer Register, Oct. 9, 2019
  14. 14.0 14.1 14.2 14.3 14.4 Fact Book 2018, ArcelorMittal, 2019

External resources

External articles

This page uses material from the Wikipedia page Ilva (company) under the provisions of the Creative Commons Attribution-ShareAlike 3.0 Unported License.