ArcelorMittal in October broke ground on its CAD$1.8 billion investment decarbonisation project at the Dofasco plant in Hamilton, Ontario, Canada. The company has partnered with both the Canadian national government and the government of the province of Ontario to realise the project.
The steelmaking process at the Dofasco facility makes use of a direct reduced iron-electric arc furnace, which is considered a lower carbon solution to the iron making process.
Powered by natural gas at the onset, the DRI-EAF will be built “hydrogen ready” for when it can transition to green hydrogen as an energy input.
The national government has contributed CAD$400m, and the government of Ontario committed CAD 500m. The ceremony took place at ArcelorMittal Dofasco’s site in Hamilton and was attended by, among others, Canadian Prime Minister Justin Trudeau, and ArcelorMittal Chairman Lakshmi Mittal.
The project, a partnership between ArcelorMittal and the governments of Canada and Ontario, the power of public and private partnerships to accelerate progress, the company states.
“By investing in ArcelorMittal Dofasco’s project to produce clean steel, we’re investing in the future of this plant and this industry,”
Prime Minister Trudeau said at the event.