ArcelorMittal has confirmed with the Government of Ontario its plan for CAD 1.8 billion investment in decarbonization technologies at ArcelorMittal Dofasco’s plant in Hamilton in Canada. As announced in July, 2021, the investment will reduce annual CO2 emissions at ArcelorMittal’s Hamilton operations by approximately 3 million tonnes, which represents approximately 60% of emissions. This means the Hamilton plant will transition away from the blast furnace-basic oxygen furnace steelmaking production route to the Direct Reduced Iron Electric Arc Furnace production route, which carries a significantly lower carbon footprint. The new manufacturing processes 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 iron making operations. The project is scheduled to be complete by 2028, although the Company is looking for opportunities to accelerate the project timelines.The investment was contingent on support from the governments of Canada and Ontario. In July 2021 the Government of Canada announced it will invest CAD 400 million in the project and today, the Government of Ontario announced it will invest CAD 500 million in the project. This secures project funding and firms up the investment.At the heart of the plan are a 2.5 million tonne capacity DRI facility and an EAF facility capable of producing 2.4 million tonnes of high-quality steel through its existing secondary metallurgy and secondary casting facilities. Modification of the existing EAF facility and continuous casters will also be undertaken to align productivity, quality and energy capabilities between all assets in the new footprint.This new production route for ArcelorMittal Dofasco will provide a technically advanced manufacturing environment for operations, maintenance, and technology staff to work in, with improved health and safety. New positions, training, and development will be provided for employees moving from existing business units to new assets, with approximately 160,000 training hours required
ArcelorMittal has confirmed with the Government of Ontario its plan for CAD 1.8 billion investment in decarbonization technologies at ArcelorMittal Dofasco’s plant in Hamilton in Canada. As announced in July, 2021, the investment will reduce annual CO2 emissions at ArcelorMittal’s Hamilton operations by approximately 3 million tonnes, which represents approximately 60% of emissions. This means the Hamilton plant will transition away from the blast furnace-basic oxygen furnace steelmaking production route to the Direct Reduced Iron Electric Arc Furnace production route, which carries a significantly lower carbon footprint. The new manufacturing processes 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 iron making operations. The project is scheduled to be complete by 2028, although the Company is looking for opportunities to accelerate the project timelines.The investment was contingent on support from the governments of Canada and Ontario. In July 2021 the Government of Canada announced it will invest CAD 400 million in the project and today, the Government of Ontario announced it will invest CAD 500 million in the project. This secures project funding and firms up the investment.At the heart of the plan are a 2.5 million tonne capacity DRI facility and an EAF facility capable of producing 2.4 million tonnes of high-quality steel through its existing secondary metallurgy and secondary casting facilities. Modification of the existing EAF facility and continuous casters will also be undertaken to align productivity, quality and energy capabilities between all assets in the new footprint.This new production route for ArcelorMittal Dofasco will provide a technically advanced manufacturing environment for operations, maintenance, and technology staff to work in, with improved health and safety. New positions, training, and development will be provided for employees moving from existing business units to new assets, with approximately 160,000 training hours required
