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Tata Steel Nederland Signs MoU with Ford

Published on October 26, 2022
Current Context: Tata Steel Nederland signed a Memorandum of Understanding (MoU) with Ford in Europe to supply it with Zeremis green steel.
Tata Steel Nederland Signs MoU with Ford
  • Tata Steel has planned to produce green steels (steels produced without the use of fossil fuels) by 2030 at its plant in Ijmuiden Steelworks in the Netherlands.
  • The signing of the agreement by Ford is a step towards its target of reaching carbon neutrality by 2035.
  • As per the MoU, Tata Steel Nederland will in the future supply environmentally-friendly low-CO2 steel to the car-making company Ford.
  • Speaking on the agreement, the Chairperson of the Board of Management of Tata Steel Nederland, Hans van den Berg, said that the company was transitioning to become a producer of high-quality green steel in large quantities.
  • Tata Steel Nederland is a subsidiary of Tata Steels that was established in 1918 with its headquarters in Velsen-Noord, the Netherlands. It is responsible for manufacturing, processing, and distributing steel products throughout the Netherlands.
  • Ford Motor Company is an American automobile MNC that was established by Henry Ford in 1903 with its headquarters in Dearborn, Michigan, United States. Its current CEO is Jim Farley.

Question:

Q.1 Recently Tata Steel Nederland signed an MoU with _____ to supply it with green steel.
a. BMW
b. Ferrari
c. Ford
d. Volkswagen
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