New DRI and EAF installations at
ArcelorMittal Dofasco in Hamilton, Ontario will reduce carbon
emissions by approximately 60%
15 February
2022,
16:30 CET
ArcelorMittal (the ‘Company’) has today confirmed with the
Government of Ontario its plan for a c. CAD$1.8 billion investment
in decarbonisation technologies at ArcelorMittal Dofasco’s plant in
Hamilton. As announced in July, 2021, the investment will reduce
annual CO2 emissions at ArcelorMittal’s Hamilton, Ontario
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 (DRI) –
Electric Arc Furnace (EAF) production route, which carries a
significantly lower carbon footprint.
The project is scheduled to be complete by 2028, although the
Company is looking for opportunities to accelerate the project
timelines.
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 ironmaking operations.
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.
Today’s announcement was made at an event in ArcelorMittal
Dofasco’s plant in Hamilton, which was attended by ArcelorMittal
North America CEO John Brett, ArcelorMittal Dofasco President and
CEO Ron Bedard, Ontario Premier Doug Ford, Minister of Economic
Development Job Creation and Trade Vic Fedeli, Minister of Energy
Todd Smith and MPP Donna Skelly.
At the heart of the plan is 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 project contributes to
the sustainability of well-paying skilled positions in advanced
manufacturing and is also expected to support as many as 2,500 jobs
during the engineering and construction phases. It will also
support ArcelorMittal Dofasco’s customers decarbonisation ambitions
while further enhancing ArcelorMittal Dofasco’s capability to
support the most demanding product segments including automotive
exposed, advanced high strength steels, and consumer packing.
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 to
transition our workforce to the new footprint.
Announcing the investment, Vic
Fedeli, Minster of Economic Development
Job Creation and Trade said:
“From day one, our government’s plan has been to unleash
Ontario’s economic potential by reducing the cost of doing business
in Ontario by nearly $7 billion a year. This once-in-a-generation
investment to transform the province into a world-leading producer
of green steel is a major step forward as we strive for a full
economic recovery and transform our auto supply chains to build the
car of the future – right here in Ontario.”
Speaking at the announcement in Hamilton, John
Brett, ArcelorMittal North
America CEO, said:
“Reducing our CO2 emissions intensity worldwide by 25% by 2030
is an ambitious target for a steel and mining company; but we
believe it is achievable and that it is our responsibility to
invent or innovate the processes and technologies that will enable
us to reach that goal. As part of that, we understand that in the
coming years, the assets used to make steel will undergo a
transformation on a scale not seen for many
decades.”Highlighting the impact of the announcement,
ArcelorMittal Dofasco President and CEO Ron Bedard
said:
“This is the most significant construction project ever
undertaken at Dofasco. And the most important achievement in the
project timeline will be that everyone working on site is working
safely and returning home to their family unharmed.
“All options for the newest, most advanced technology that
achieves maximum carbon reduction for steelmaking, enhanced product
capability and quality, and advanced manufacturing employment
opportunities were explored. Extensive benchmarking and modelling
were also completed in preparing the ultimate plan for the
sustainability of the environment, the company, employees,
customers, and the community.”
In addition to Canada, the Company has also announced
investments in decarbonisation technologies in Belgium, France and
Spain. Combined investment for the four projects totals US$5.6
billion, with anticipated carbon emissions reduction totalling 19.5
million tonnes, which is equivalent to the greenhouse gas emissions
from 4,240,858 cars being driven for a year1. These projects sit at
the heart of the company’s target to reduce its CO2e emissions
intensity by 25% by 2030 group-wide, and in Europe by 35% by
2030.
ENDS
About ArcelorMittal
ArcelorMittal is the world's leading steel and
mining company, with a presence in 60 countries and primary
steelmaking facilities in 17 countries. In 2021, ArcelorMittal had
revenues of $76.6 billion and crude steel production of 69.1
million metric tonnes, while iron ore production reached 50.9
million metric tonnes.
Our goal is to help build a better world with
smarter steels. Steels made using innovative processes which use
less energy, emit significantly less carbon and reduce costs.
Steels that are cleaner, stronger and reusable. Steels for electric
vehicles and renewable energy infrastructure that will support
societies as they transform through this century. With steel at our
core, our inventive people and an entrepreneurial culture at heart,
we will support the world in making that change. This is what we
believe it takes to be the steel company of the future.
ArcelorMittal is listed on the stock exchanges
of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and
on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and
Valencia (MTS).
For more information about ArcelorMittal please
visit: http://corporate.arcelormittal.com/
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1 Calculated using the US EPA greenhouse gas equivalencies
calculator -
https://www.epa.gov/energy/greenhouse-gas-equivalencies-calculator
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