fbpx
City

ArcelorMittal Dofasco breaks ground on $1.8 billion project to reduce CO2 emissions

It was a big day for Hamilton’s steelmaking plant ArcelorMittal Dofasco on Thursday as the company officially broken ground on a $1.8 billion decarbonisation project that will dramatically reduce the plant’s carbon emissions.

The project is a partnership between ArcelorMittal Dofasco and the provincial and federal governments, helping to turn Ontario’s biggest producer of CO2 emissions target a reduction in the carbon intensity of its steel products by 25 per cent by 2030.

The Government of Canada and the Government of Ontario have committed $400 million and $500 million respectively to this unprecedented clean steel initiative, which will play a role in helping Canada meet its climate goals.

“The project will fundamentally change the way steel is made at ArcelorMittal Dofasco, transitioning the site to direct reduced iron-electric arc furnace (‘DRI-EAF’) steelmaking, which carries a considerably lower carbon footprint and removes coal from the ironmaking process,” reads a release from ArcelorMittal Dofasco.

“The new 2.5 million tonne capacity DRI furnace will initially operate on natural gas but will be constructed ‘hydrogen ready’ so it can be transitioned to utilise green hydrogen as a clean energy input as and when a sufficient, cost-effective supply of green hydrogen becomes available.”

The first on-site construction work is set to begin in January 2023, beginning with the demolition of the decommissioned No. 1 Coke Plant.

Read the full release here.

Comments 0

There are no comments

Add comment

Share post

Links
Social

© 2024 Robert Cekan Professional Real Estate Corporation. All rights reserved.