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Voestalpine Wins EPA's Nod To Build $740M Texas Iron Plant

Law360, New York (June 17, 2014, 2:34 PM EDT) -- The U.S. Environmental Protection Agency has granted a construction permit to Austria's Voestalpine Group for a $740 million iron production plant in San Patricio County, Texas, after concluding a greenhouse gas prevention review, it said Monday.

The plant will use natural gas to reduce iron ore pellets, which will be used in Austrian steel mills. The project is Voestalpine's biggest foreign investment ever and will enable it to reduce production costs in Europe, the company said. The project will be based at the La Quinta Trade Gateway Terminal near Corpus Christi.

“Voestalpine shows energy efficiency is a common-sense strategy for success,...

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