ArcelorMittal and the Government of Canada unveiled a plan of investing CAD$ 1.765 billion in decarbonisation technologies at ArcelorMittal Dofasco’s plant in Hamilton, Canada.
The investment is expected to cut around 3 million tonnes/year of CO2 emissions at ArcelorMittal’s Hamilton, Ontario operations, which account for nearly 60% of emissions, within the next seven years. 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 path.
This project is part of ArcelorMittal’s new global 25% CO2 2030 emissions reduction target and will result in a 60% drop in CO2 emissions within the next seven years. ArcelorMittal will introduce new production processes that contribute to a considerable reduction of CO2 emissions and deliver other positive environmental impacts, including eliminating emissions and flaring from coke making and iron making operations.
The investment is subject to support from the governments of Canada and Ontario. The Government of Canada announced an investment of CAD$ 400 million in the project while the discussion is underway with the Government of Ontario.
The plan is to build a DRI plant with a 2 million tonne/year of production capacity and an EAF facility capable of producing 2.4 million tonnes of high-quality steel through its existing secondary metallurgy and secondary casting facilities and other modifications to improve efficiency in the new footprint. The new DRI and EAF will be in production before the end of 2028.