ArcelorMittal investment to cut emissions by 60%
ArcelorMittal has announced with the Government of Canada its intention for a CAD$1.765 billion investment in decarbonisation technologies at ArcelorMittal Dofasco’s plant in Hamilton.
The intended investments will reduce annual CO2 emissions at ArcelorMittal’s Hamilton, Ontario operations by approximately 3 million tonnes, which represents approximately 60% of emissions, within the next seven years.
This means the Hamilton plant will transition away from the blast furnace-basic oxygen furnace steelmaking production route to the Direct Reduced Iron (DRI) – Electric Arc Furnace (EAF) production route, which carries a significantly lower carbon footprint.
ArcelorMittal will introduce new manufacturing processes that contribute to a considerable reduction of CO2 emissions and deliver other positive environmental impacts including the elimination of emissions and flaring from coke making and ironmaking operations.
The investment is contingent on support from the governments of Canada and Ontario. Today the Government of Canada announced it will invest CAD$400 million in the project.
Expressing Canada’s support for the plan, Deputy and Minister of Finance Chrystia Freeland said:
“Our government has been steadfast in defending and championing our steel workers. Today’s announcement, through the Net Zero Accelerator, is about investing in the low-carbon transformation of Canadian industry, taking serious action in the global fight against climate change, and supporting good middle-class jobs in Hamilton.
“We will continue to be there to support growth and a strong economic future for our steel workers and the broader Hamilton community.”
Speaking at the announcement in Hamilton, Aditya Mittal, CEO ArcelorMittal, said: “The plans we have announced today represent a historic moment for ArcelorMittal in Canada and North America, marking the beginning of a new era of steelmaking in Hamilton, that will result in a 60% drop in CO2 emissions within the next seven years.
“We are very pleased to be in partnership with the Government of Canada – as partners, we all recognise that it is vital to accelerate our carbon emissions reduction and strengthen our climate action. Indeed progress in the next decade is vital if the world is to reach net zero by 2050.
“This project is part of ArcelorMittal’s new global 25% CO2 2030 emissions reduction target which was announced yesterday in our second climate action report.
“DRI-EAF technology, such as that being introduced in Dofasco, is at the heart of our new target although we do also continue to develop our smart carbon technology route.
“Transitioning from the blast furnace route to the DRI-route, offers an immediate significant reduction in emissions in the first phase through natural gas and then in a second phase, which we call innovative DRI, harnessing green hydrogen or other Smart Carbon technologies.
“This is the first significant decarbonisation project we have announced outside Europe and again reflects ArcelorMittal’s determination to lead the decarbonisation of the steel industry.
“Across the company our people are highly motivated to demonstrate that steel can reach net zero and will be the core material for a carbon-neutral world. This project in Dofasco is a very significant and important milestone in this journey.”
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