Liberty steel aims to melt down North Sea oil rigs in Scotland

Liberty House, the company hailed as the rescuer of Scotland’s steel industry, is targeting the decommissioning of North Sea oil rigs in a plan that could create hundreds of jobs.

Sanjeev Gupta, who recently re-opened the Dalzell steel plate mill in North Lanarkshire, has said he is in “exploratory talks” with the oil industry to turn redundant oil rigs into scrap metal.

Liberty is thought to be planning to build an electric arc furnace somewhere in Scotland to melt down the high grade steel used to build the oil rigs. The firm estimates the furnace will cost £200million and create 600 jobs although a location has not been confirmed.

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