keywords :
ArcelorMittal announced with the Government of Canada its intention for a CAD 1.765 billion investment in decarbonization 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 Electric Arc Furnace production route, which carries a significantly lower carbon footprint.
At the heart of the plan is a 2 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. The new DRI and EAF will be in production before the end of 2028.
The investment is contingent on support from the governments of Canada and Ontario. Government of Canada announced it will invest CAD 400 million in the project. The Company is in discussions with the Government of Ontario regarding its support.
The Canadian Steel Producers Association President & CEO Ms Catherine Cobden said “This investment will deliver substantial climate improvements for AMD, the City of Hamilton and our country as a whole. It is now the second project from Canada’s steel sector contributing to a combined reduction of close to 6 million tonnes , major progress directly tied to our sector’s ‘net zero by 2050’ goal. To further our progress, new solutions like hydrogen supply, carbon capture and other breakthrough technologies will need to be developed and pursued next.”