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Pittsburgh US Steel is not moving forward with a planned investment at its Mon Valley Works and plans to permanently idle three batteries at its Clairton Coke Works as the company accelerates its efforts to reduce its carbon intensity, US Steel CEO David Burritt said April 30.
Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now With a clear vision for our future we have evaluated how we allocate capital through the lens of sustainability, value creation and lower capital and carbon intensity across the footprint, Buritt said during the company s first quarter conference call. When facts change, we must change; and as we step forward to meet the needs of a rapidly changing world, we must set aside the Mon Valley endless casting and rolling and cogeneration project.
Updated: 11:59 PM EDT Apr 30, 2021 MARC LEVY Associated Press Pittsburgh-based United States Steel Corp. said Friday that it is canceling a $1.5 billion project to bring a state-of-the-art improvement to its Mon Valley Works operations in western Pennsylvania, saying the world has changed in the two years since it announced its intentions.Watch the report in the video player above. Scroll down to read Allegheny County s response to the U.S. Steel announcement.Project permits initially stalled by the pandemic never came through, U.S. Steel has added capacity elsewhere, and now it must shift its focus to its goal of eliminating greenhouse gas emissions from its facilities by 2050, it said.U.S. Steel revealed the news in an earnings call Friday morning and in an open letter on social media, putting an end to what would have been one of the largest industrial investments in Pennsylvania.It also said it will shut down batteries 1, 2 and 3 at its Clairton Plant b
Nate Smallwood | Tribune-Review
The May 2, 2019, event where U.S. Steel announced a $1 billion investment to upgrade Mon Valley Works facilities.
Nate Smallwood | Tribune-Review
U.S. Steel CEO David Burritt on May 2, 2019, announcing $1 billion in investments in the Mon Valley Works facilities. Just under two years later, on April 30, Burritt announced the company was scrapping the plan.
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Pittsburgh-based U.S. Steel will cancel plans for more than $1 billion in upgrades and investment at the Mon Valley Works facilities, CEO David Burritt said in a letter to the community released Friday.