Discover more about our decarbonisation journey to date below:
Our decarbonisation journey traces as far back as 2015, when we announced our first – and flagship – carbon capture and re-use project, which we now call Carbalyst®. Although there is a huge amount to be achieved to reach net zero by 2050, we’ve already taken some significant steps.
2024
ArcelorMittal launches HyMatch® steel for hydrogen transport
ArcelorMittal announces the launch of a new steel offer for the construction of hydrogen pipelines to support the roll-out of hydrogen gas infrastructure. The company’s R&D efforts are focused on providing higher-value products that align with customer needs. Furthermore, customers can benefit from reduced Scope 3 carbon emissions thanks to XCarb® steel certificates.
ArcelorMittal Brazil signs contracts for two solar energy projects
Projects total 465MW of solar power capacity and build on existing 554MW wind power project under development
ArcelorMittal Brazil has today signed contracts for the development of two solar energy projects with a combined capacity of 465MW, equivalent to 14 per cent of its current electricity requirements.
ArcelorMittal and Mitsubishi Heavy Industries, Ltd. (MHI) are working with a climate tech company, D-CRBN, to trial a new technology to convert carbon dioxide (CO2) captured at ArcelorMittal’s plant in Gent, Belgium into carbon monoxide which can be used in steel and chemical production.
This is the first industrial testing of D-CRBN’s plasma technology, making ArcelorMittal Gent the first steel plant in the world to trial the process, which has been designed to reduce CO2 emissions.
ArcelorMittal today announces it has selected three start-ups as the joint winners of its inaugural XCarb® India Accelerator Programme.
The programme attracted over 50 applications and following an extensive review process by ArcelorMittal’s XCarb® Innovation Fund and research and development teams, UrjanovaC, AgroMorph Technosolutions and Susstains Engineering Solutions have been selected as the winners. Each will receive prize money of $50,000 and mentoring aimed at developing their technologies and business models.
The Olympic Spectacular: made with our low-carbon emissions steel
When Parisians woke up this morning a new feature adorned their most famed landmark, The Eiffel Tower.
Measuring in at 29 metres wide by 15 metres high and framed in between the Tower’s first and second floors approximately 60 metres off the ground, the Olympic Spectacular, a giant version of the world famous five interlocking rings that form the Olympic symbol, proudly projected across Paris. Painted in the famous Olympic colours, the rings will turn bright white at night, enabling them to shine across the Paris skyline.
ArcelorMittal starts the construction of an electric arc furnace at its Gijón plant
ArcelorMittal has started the construction of an electric arc furnace (EAF) for long products at its Gijón plant, which is expected to produce its first heat in the first quarter of 2026. This investment of €213 million will be the first major EAF project to be implemented within the company’s decarbonisation programme in Europe and will constitute the first step towards low-carbon emissions steelmaking in Asturias.
Trial carbon capture unit begins operating on blast furnace at ArcelorMittal Gent, Belgium
ArcelorMittal and partners Mitsubishi Heavy Industries, Ltd. (MHI), BHP, along with Mitsubishi Development Pty Ltd (Mitsubishi Development) have successfully started operating a pilot carbon capture unit on the blast furnace off-gas at ArcelorMittal Gent in Belgium.
The pilot carbon capture unit will operate for one to two years at Gent, to test the feasibility of progress to full-scale deployment of the technology, which would be able to capture a sizeable portion of the Gent site emissions, if successful. Engineers have been working on site since January to assemble and commission the unit.
On May 22, Prime Minister Alexander De Croo and Federal Minister of Energy Tinne Van der Straeten visited ArcelorMittal Belgium in Gent as part of the company's CO2 roadmap. They signed a letter of intent for the long-term supply of low-carbon electricity to ArcelorMittal Belgium.
ArcelorMittal Belgium is passionate about sustainability and circularity and is playing a leading role in the industry with regard to climate transition. ArcelorMittal Europe is actively implementing an action plan to reduce CO2 emissions by 35% from 2018 levels by 2030 and to become climate neutral by 2050.
ArcelorMittal Nippon Steel India targets a reduction in emissions intensity by 20% by 2030
ArcelorMittal Nippon Steel India (AM/NS India) – a joint venture between ArcelorMittal and Nippon Steel, two of the world’s leading steelmakers – in its first Climate Action Report published today has outlined immediate actions to accelerate and decarbonize India’s development.
ArcelorMittal’s XCarb® India Accelerator programme, established in collaboration with the Indian Institute of Technology Madras (IIT Madras), which aims to identify and support start-ups focused on the most promising industrial decarbonisation technologies in India, has selected three finalists. Finalists were selected from eight start-ups.
Petrobras and ArcelorMittal sign agreement for low carbon business studies and assessments
Petrobras and ArcelorMittal Brasil signed a Memorandum of Understanding with the purpose of studying potential mutually beneficial business models in the low-carbon economy. The companies will seek to identify commercial opportunities and potential partnerships in Brazil that are aligned with their diversification and decarbonisation strategies.
ArcelorMittal partners with IIT Madras to create Asia’s first Hyperloop facility
ArcelorMittal and ArcelorMittal Nippon Steel India materials and engineering resources being deployed to construct Asia’s first Hyperloop testing facility at IIT Madras, Chennai, India.
Vestas introduces ArcelorMittal’s low carbon-emissions steel offering for wind turbines
A low carbon-emissions steel production partnership between Vestas and ArcelorMittal will make its first delivery of XCarb® recycled and renewably produced heavy plate steel to an offshore wind farm, built by Baltic Power in Poland.
2023
ArcelorMittal Belgium has commissioned its Torero plant, which converts waste wood into bio-coal for use in the blast furnace at its Gent steelmaking site. The first bio-coal made in the Torero plant, through a process known as torrefaction, was successfully used in a blast furnace in Gent, on Monday 18 December.
ArcelorMittal enters the additive manufacturing industry as a steel powder supplier
ArcelorMittal has announched its entry into the additive manufacturing (AdM) market as a steel powder supplier. The company is building an industrial-scale inert gas atomiser in Aviles, Spain, to produce steel powders for AdM technologies such as laser powder bed fusion, binder jetting and direct energy deposition.
ArcelorMitta and Schneider Electric, the leader in the digital transformation of energy management and automation, announced today a partnership whereby ArcelorMittal will supply Schneider Electric with XCarb® recycled and renewably produced steel for its electrical cabinets and enclosures.
ArcelorMittal announces the first industrial production of ethanol
ArcelorMittal announces the first industrial production of ethanol at its Steelanol plant, Europe’s first carbon capture and utilisation project. This historic milestone was achieved on 7 November 2023, at ArcelorMittal Belgium’s Gent plant.
ArcelorMittal signs contract with Sarralle to build new electric arc furnace in Spain
ArcelorMittal Asturias has signed a contract with industrial engineering company Sarralle, to build a new electric arc furnace in Gijón, as part of the company’s decarbonisation plan for Spain. The project is part of ArcelorMittal Europe’s commitment to reduce CO2 emissions by 35% by 2030.
ArcelorMittal scoops Altair Enlighten Award in Sustainable Process category
Award win recognises ArcelorMittal’s innovative use of biofuels to support the decarbonisation of its steel and mining businesses.
ArcelorMittal, alongside Paris 2024 and the designer Mathieu Lehanneur, is proud to unveil the design of the Paris is produced by ArcelorMittal from its steel with a reduced carbon footprint.
ArcelorMittal together with the Indian Institute of Technology Madras (IIT Madras) will identify, support and mentor start-ups focused on the most promising industrial decarbonisation technologies in India
ArcelorMittal announces that CHAR Technologies has been selected as the winner of its inaugural XCarb™ Accelerator Programme, securing a $5 million investment through ArcelorMittal’s XCarb™ Innovation Fund.
ArcelorMittal North America will supply General Motors (GM) with XCarb® recycled and renewably produced steel, offering significantly reduced CO2 emissions compared to much of the carbon steel available in North America. Material will be supplied from ArcelorMittal Dofasco in Hamilton, Ontario and shipments are expected to begin during 2Q 2023.
ArcelorMittal and LanzaTech Global Inc. announced the successful commencement of production from ArcelorMittal’s commercial flagship carbon capture and utilisation facility in Ghent, Belgium. The €200 million ‘Steelanol’ facility is a first of its kind for the European steel industry, deploying technology developed by leading carbon utilization company LanzaTech.
ArcelorMittal and John Cockerill announce plans to construct the world’s first industrial-scale low temperature, iron electrolysis plant. The Volteron™ plant, which in a first phase will produce between 40,000 and 80,000 tonnes a year of iron plates, is targeted to start production in 2027. Once the technology has been proven at this scale, the intention is to increase the plant’s annual capacity to between 300,000 and 1 million tonnes.
Construction officially starts on ArcelorMittal’s new headquarters building in Luxembourg
Construction has officially started on ArcelorMittal's new global headquarters, ArcelorMittal Kirchberg, following a groundbreaking ceremony on 21 June at the building site in the Kirchberg district of Luxembourg City. The building, which will be commissioned in the first quarter of 2026, incorporates 10,000 tonnes of our low-emissions XCarb® recycled and renewably produced steel.
ArcelorMittal and Snop sign sustainability MoU and trial car part using low-carbon emissions steel
ArcelorMittal and Snop, a major tier-one European automotive supplier, have signed a sustainability-focussed memorandum of understanding (MoU). The MoU seeks to strengthen the two companies’ cooperation on environmental sustainability, specifically through the use of XCarb® solutions that contribute to the decarbonisation of the automotive sector.
ArcelorMittal announces that CHAR Technologies has been selected as the winner of its inaugural XCarb™ Accelerator Programme, securing a $5 million investment through ArcelorMittal’s XCarb™ Innovation Fund.
VELUX Group co-operates with ArcelorMittal on low carbon-emissions steel
The VELUX Group kickstarts co-operation with ArcelorMittal as part of its efforts to halve value chain emissions by 2030
ArcelorMittal announced as strategic supplier of XCarb® steel for BP2’s integrated photovoltaic roof
ArcelorMittal has joined forces with BP2, the manufacturer of complete solutions for residential construction, to supply low carbon-emissions steel for BP2’s latest product, the SOLROOF integrated photovoltaic roof.
ArcelorMittal establishes renewable energy JV with Casa dos Ventos in Brazil
ArcelorMittal's Brazilian entity, ArcelorMittal Brazil, will form a joint venture partnership with Casa dos Ventos, one of Brazil’s largest developers and producers of renewable energy projects, to develop a 554 MW wind power project.
ArcelorMittal develops low carbon-emissions products for KIRCHHOFF Automotive
ArcelorMittal and KIRCHHOFF Automotive have signed a memorandum of understanding which focusses on developing low carbon-emissions steel for cars and trucks.
ArcelorMittal and Bamesa commit to working together on low-carbon projects
ArcelorMittal Europe – Flat Products and Bamesa have signed a Memorandum of Understanding that will strengthen both companies’ efforts to reduce CO2 emissions as well as using XCarb® solutions.
World’s first sustainable bakeware launches at Ambiente fair in Frankfurt
A new range of bakeware with a reduced environmental impact has been launched by market leader Guardini, together with partners ArcelorMittal, coated steel manufacturer Cooper Coated Coil (CCC) and coatings manufacturer ILAG. The result of the four-way partnership and a three-year development process is XBake, a range of sustainable bakeware that is sourced with ArcelorMittal’s XCarb® green steel certificates.
ArcelorMittal invests $36 million in steel decarbonisation disruptor Boston Metal
ArcelorMittal has invested $36 million in Boston Metal. The transaction is the Company’s largest single initial investment to date through its XCarb® Innovation Fund.
ArcelorMittal and Gonvarri Industries sign sustainability MoU
ArcelorMittal Europe – Flat Products and Gonvarri Industries have signed a Memorandum of Understanding to cooperate more closely on reducing CO2 emissions and strengthening both companies’ sustainability performance in the automotive market.
2022
ArcelorMittal acquires Polish scrap metal recycling business Zlomex
ArcelorMittal has signed an agreement to acquire Polish scrap metal recycling business, Zakład Przerobu Złomu (“Złomex”). Transaction closing, which is subject to customary regulatory approvals is expected during the first half of 2023.
At an event held at its steel plant in Ghent, Belgium, attended by the Prime Minister of Belgium, Alexander De Croo, Flemish Minister-President Jan Jambon, members of the Belgian and Flemish governments, European Investment Bank Vice-President Kris Peeters, ArcelorMittal Executive Chairman, Lakshmi Mittal, and ArcelorMittal Europe CEO, Geert Van Poelvoorde, ArcelorMittal successfully inaugurated its flagship carbon capture and utilisation (‘CCU’) project.
ArcelorMittal acquires Dutch scrap metal recycling business Riwald Recycling
ArcelorMittal has acquired Riwald Recycling (‘Riwald’), a state-of-the-art ferrous scrap metal recycling business based in the Netherlands.
ArcelorMittal launches new season of ‘Futurising’ podcasts
ArcelorMittal has launched a new four-part series of its ‘Futurising’ podcast that focuses on the future of the steel industry and the challenges and opportunities facing ArcelorMittal as it transitions to low-carbon steelmaking, and ultimately net zero.
ArcelorMittal invests $25 million in breakthrough nuclear power innovator TerraPower
ArcelorMittal announces it has invested $25 million in nuclear innovation company TerraPower through its XCarb® Innovation Fund. The investment is part of an $830 million equity raise TerraPower has concluded, which is the largest private raise among advanced nuclear companies.
ArcelorMittal, the world’s leading global steel and mining company, Mitsubishi Heavy Industries Engineering (MHIENG), a pioneer in carbon capture technology, leading global resources company, BHP, along with Mitsubishi Development Pty Ltd are collaborating on a multi-year trial of MHIENG’s carbon capture technology with ArcelorMittal, following the signing of a funding agreement between the parties.The companies will also conduct a feasibility and design study to support progress to full scale deployment.
ArcelorMittal breaks ground on first transformational low-carbon emissions steelmaking project
ArcelorMittal, in the presence of the governments of Canada and Ontario, has broken ground on its CAD$1.8 billion investment decarbonisation project at the ArcelorMittal Dofasco plant in Hamilton, Ontario, Canada.
ArcelorMittal makes further investment in Form Energy via XCarb® Innovation fund
ArcelorMittal has invested a further $17.5 million in Form Energy via its XCarb® Innovation fund. This is the second investment ArcelorMittal has made in the company following its initial investment of $25 million announced in July 2021.
ArcelorMittal Poland obtains ResponsibleSteel™ certification in first for Eastern Europe
ArcelorMittal Poland has received ResponsibleSteel™ certification, following a successful audit carried out by DNV Poland which confirmed that the business fulfils the criteria required to earn certification against the ResponsibleSteel Standard. ArcelorMittal Poland is the first cluster of sites to be certified in Eastern Europe by ResponsibleSteel, the industry’s first global multi-stakeholder standard and certification initiative.
ArcelorMittal and quarried materials group SigmaRoc have entered into a strategic joint venture agreement to create a new company.The company will produce lime, an essential purifying additive used in steel production as well as numerous other industrial applications. The partners will leverage their materials and manufacturing expertise to produce 900.000 tons a year of a high-quality material.
ArcelorMittal agrees acquisition of CSP in Brazil
ArcelorMittal has signed an agreement with the shareholders of Companhia Siderúrgica do Pecém (‘CSP’) to acquire CSP for an enterprise value of approximately $2.2 billion. Transaction closing is subject to certain corporate and regulatory approvals, including CADE (Brazilian antitrust) approval which is expected by late 2022.
ArcelorMittal and Tier 1 automotive supplier Gestamp have successfully trialed the use of low-carbon emissions steel for use in car parts that will ultimately be used in the production of vehicles in Spain and throughout Europe. This first cooperation between a steel manufacturer and an automotive stamper paves the way for the greater use of low-carbon emissions steel in the automotive sector.
ArcelorMittal has completed the acquisition of an 80% shareholding in voestalpine’s Hot Briquetted Iron (‘HBI’) plant located near Corpus Christi, Texas. This state-of-the-art plant is one of the largest of its kind in the world. The transaction enhances ArcelorMittal’s ability to produce the high-quality input materials required for low-carbon emissions steelmaking.
Energy company RWE and steel producer ArcelorMittal have signed a memorandum of understanding to work together to develop, build and operate offshore wind farms and hydrogen facilities that will supply the renewable energy and green hydrogen required to produce low-emissions steel in Germany.
ArcelorMittal publishes concept for global low-carbon emissions physical steel standard
ArcelorMittal has published a concept for a low-carbon emissions steel standard to help incentivise the decarbonisation of steelmaking globally and support the creation of market demand for physical steel products which would be classified as lower, and ultimately near-zero, carbon emissions steel.
ArcelorMittal’s decarbonisation plan for Spain moves forward with government commitment to funding
ArcelorMittal and the government of Spain have signed an agreement in which the government has pledged its financial support for the decarbonisation of the company’s steelmaking sites in Asturias and in Sestao, in the Basque Country.
VINCI Construction, Técnicas Reunidas, PowerChina and Guizhou Engineering will carry out the basic design phase of the Europe’s largest integrated renewable hydrogen hub. They will be supported by TSK, as Owner’s Engineer, to support HyDeal España in achieving its target to be competitive with fossil fuels.
Breakthrough technology start-ups worldwide are invited to submit applications to compete for investment from ArcelorMittal’s XCarb™ Innovation Fund, which aims to invest up to US$100 million annually in transformative technologies that can accelerate the decarbonisation of the steel industry.
ArcelorMittal receives first ResponsibleSteel™ certifications for France and Spain
ArcelorMittal receives first ResponsibleSteel™ certifications for France and Spain. Each site undergoes a rigorous third-party audit that are designed to verify that a steel site’s activities meet a set of rigorously defined standards across a broad range of social, environmental and governance criteria and stakeholder relations.
Geert Van Poelvoorde, CEO ArcelorMittal Europe and President of EUROFER, spoke on the urgent topic of the decarbonisation of European steelmaking and the many uncertainties that the sector faces. Mr. Van Poelvoorde explained what ArcelorMittal Europe has already done to decarbonise, and what it will take to move to the next crucial phase.
ArcelorMittal acquires German steel scrap recycling businesses from Alba International Recycling
ArcelorMittal acquires 10 steel scrap yards in the south of Germany from three different companies; ALBA Electronics Recycling, ALBA Metall Süd Rhein-Main and ALBA Metall Süd.
ArcelorMittal has successfully tested the use of green hydrogen in the production of direct reduced iron (“DRI”). During the first test 6.8% of natural gas was replaced with green hydrogen which contributed to a measurable reduction in CO2 emissions.
ArcelorMittal acquires majority stake in voestalpine’s state-of-the-art HBI facility in Texas
ArcelorMittal has signed an agreement to acquire an 80% shareholding in voestalpine’s world-class Hot Briquetted Iron (‘HBI’) plant located in Corpus Christi, Texas. voestalpine will retain the remaining 20%. The transaction values the Corpus Christi operations at $1 billion and closing is subject to customary regulatory approvals.
ArcelorMittal establishes strategic renewable energy partnership with Greenko Group in India
ArcelorMittal has established a strategic partnership with Greenko Group, India’s leading energy transition company, to develop a renewable energy project with 975 MW of nominal capacity. The c. $0.6 billion project will combine solar and wind power and be supported by Greenko’s hydro pumped storage project. ArcelorMittal’s joint venture company in India, ArcelorMittal Nippon Steel India (AM/NS India), will enter into a 25 year off-take agreement with ArcelorMittal to purchase 250 MW of renewable electricity annually. This will result in reducing carbon emissions by approximately 1.5 million tonnes per year.
ArcelorMittal acquires steel recycling business
ArcelorMittal has acquired Scottish recycling business John Lawrie Metals Ltd., as part of the company’s strategy of increasing the use of scrap steel to lower CO2 emissions from steelmaking.
ArcelorMittal confirmed with the Government of Ontario its plan for a CAD$1.8 billion investment in decarbonisation technologies at ArcelorMittal Dofasco’s plant in Hamilton. The investment will reduce annual CO2 emissions at ArcelorMittal’s Hamilton, Ontario operations by approximately 3 million tonnes, which represents approximately 60% of emissions.
HyDeal España, the world's largest integrated renewable and competitive hydrogen hub
HyDeal España, recently ranked by the International Renewable Agency (IRENA) as the largest giga-scale renewable hydrogen project globally, will now manage the development, funding and construction of renewable hydrogen production and transmission infrastructures.
The French Prime Minister announced support from the French Government for ArcelorMittal’s decarbonisation programme in France, which involves a €1.7 billion investment in its Fos-sur-Mer and Dunkirk sites in France. This investment will enable a profound transformation of steelmaking in France and a total reduction of close to 40% or 7.8 million tonnes per year in ArcelorMittal’s CO2 emissions in France by 2030.
ArcelorMittal publishes second Advocacy Alignment Report
The Climate Advocacy Alignment Report maps the policy positions of the 61 associations of which the Company is a member. ArcelorMittal will continue to engage with stakeholders and its membership associations to drive further alignment with the goals of the Paris Agreement and encourage their proactive contributions to the five policy priorities the Company has identified.
ArcelorMittal makes US$5 million investment in H2Pro via XCarb™ innovation fund
ArcelorMittal announced a US$5 million investment in H2Pro through its XCarb™ innovation fund, bringing the fund’s total investment commitments to US$180 million since its launch in March 2021.
2021
ArcelorMittal announces a US$30 million investment in carbon recycling company, LanzaTech through its XCarb™ innovation fund, the fourth investment the Company has made through the fund since its launch in March 2021.
At an event held at COP26, ArcelorMittal and the government of Quebec announced a CAD$205 million investment by ArcelorMittal Mining Canada (‘AMMC’) in its Port-Cartier pellet plant, enabling this facility to convert its entire 10 million tonne annual pellet production to DRI pellets by the end of 2025.
The investment, in which the Quebec government will contribute through an electricity rebate of up to CAD$80 million, will enable the Port-Cartier plant to become one of the world’s largest producers of DRI pellets, the raw material feedstock for ironmaking in a DRI furnace. The project includes the implementation of a flotation system that will enable a significant reduction of silica in the iron ore pellets, facilitating the production of a very high-quality pellet.
ArcelorMittal joins Breakthrough Energy’s Catalyst program as anchor partner
ArcelorMittal became an anchor partner in Breakthrough Energy’s Catalyst program, committing to an equity investment of $100 million over the next five years.
ArcelorMittal announced that it has signed a letter of intent with the Governments of Belgium and Flanders, supporting a €1.1 billion project to build a 2.5 million-tonne direct reduced iron (DRI) plant at its site in Gent, as well as two new electric furnaces. Once the DRI and electric furnaces are built, there will be a transition period during which production will move gradually from blast furnace A, to the DRI and electric furnaces, after which blast furnace A will be closed as it reaches the end of its life. By 2030, this will result in a reduction of around three million tonnes of CO2 emissions each year.
ArcelorMittal Sestao to become the world’s first full-scale zero carbon-emissions steel plant
The development is the result of a memorandum of understanding signed with the Government of Spain that will see an investment of €1 billion in the construction of a green hydrogen DRI plant at its plant in Gijón, as well as a new hybrid EAF. The DRI installation in Gijón will also enable ArcelorMittal Sestao to be the world’s first full-scale zero carbon-emissions steel plant. By 2025, the Sestao plant – which manufactures a range of flat steel products for the automotive and construction sectors, and general industry – will produce 1.6 million tonnes of zero carbon-emissions steel.
ArcelorMittal celebrates industry-first with ResponsibleSteel™ site certifications
The company’s steelmaking sites in ArcelorMittal Belgium (Geel, Genk, Gent and Liège), Luxembourg (Belval, Differdange and Rodange) and Germany (Bremen and Eisenhüttenstadt) are the first steel plants globally to be independently audited and found to meet the standards required for ResponsibleSteel, the industry’s first global multi-stakeholder standard and certification initiative.
Agreement concludes second investment in ArcelorMittal’s XCarb™ innovation fund
ArcelorMittal announced it has completed its second investment in the Company’s recently launched XCarb™ innovation fund, serving as lead investor in Form Energy’s $200 million Series D financing round, with a $25 million equity injection.
ArcelorMittal and SEKISUI CHEMICAL announce carbon recycling partnership
ArcelorMittal and SEKISUI CHEMICAL announced they are partnering on a project to capture and re-use carbon waste gases from the steelmaking process, which holds the potential to reduce dependence on fossil resources and contribute to the decarbonisation of steelmaking.
ArcelorMittal publishes second Group Climate Action report
ArcelorMittal announced publication of the second Group Climate Action report targeting 25% global reduction in CO2e emissions intensity by 2030 (scopes 1+2) with anticipated cost of US$10 billion; Europe target increased to 35% reduction in CO2e emissions intensity by 2030 (Scopes 1+2) reflecting recent announcement that Sestao will become Europe’s first full-scale zero carbon-emissions plant; new collaboration announced with Science Based Targets initiative; targets to be linked to executive remuneration.
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 (DRI) – Electric Arc Furnace (EAF) production route, which carries a significantly lower carbon footprint.
ArcelorMittal makes first investment through its XCarb™ innovation fund
ArcelorMittal announced the completion of its first XCarb™ innovation fund investment since launching the initiative in March 2021. The Company has invested an initial $10 million in Heliogen, a renewable energy technology company that focuses on “unlocking the power of sunlight to replace fossil fuels”. Heliogen’s technology will harness solar energy by using a field of mirrors that will act as a multi-acre magnifying glass to concentrate and capture sunlight. The sunlight will then be subsequently converted into heat (HelioHeat™), electricity (HelioPower™) or clean fuels (HelioFuel™). All three Heliogen products have the potential to be applicable to the steelmaking process and support the steel industry’s transition to carbon-neutrality. In addition to the $10 million investment, ArcelorMittal and Heliogen have signed a Memorandum of Understanding that aims to evaluate the potential of Heliogen’s products in several of ArcelorMittal’s steel plants.
Air Liquide and ArcelorMittal join forces to decarbonise steel production in Dunkirk
Air Liquide and ArcelorMittal signed a Memorandum of Understanding with the objective of implementing solutions to produce low-carbon steel in Dunkirk. The companies will join forces to develop innovative solutions involving low-carbon hydrogen and CO2 capture technologies.
ArcelorMittal launched its first three XCarb™ initiatives as part of the company’s journey to deliver on its 2050 net-zero commitment. XCarb™ will bring together all of ArcelorMittal’s reduced, low and zero-carbon products and steelmaking activities, as well as wider initiatives and green innovation projects, into a single effort focused on achieving demonstrable progress towards net zero steel. The three XCarb™ branded initiatives launched include: XCarb™ green steel certificates, XCarb™ recycled and renewably produced and the XCarb™ innovation fund.
ArcelorMittal plans major investment in German sites
ArcelorMittal announced plans to build a large-scale industrial plant for DRI and EAF-based steelmaking at the company’s site in Bremen. It also disclosed plans for an Innovative DRI pilot plant and EAF in Eisenhüttenstadt, following the announcement of the planned expansion of Germany’s hydrogen infrastructure. Using green hydrogen, up to 3.5 million tonnes of steel could be produced by the Bremen and Eisenhuttenstadt sites by 2030, with significantly lower CO2 emissions.
ArcelorMittal Asturias starts coke-oven gas injection for Blast Furnace B
ArcelorMittal Asturias announced its coke-oven gas injection project for Blast Furnace B in its Gijón plant. The Smart Carbon technology allows gases from various sources to be injected into the blast furnace, resulting in a reduction in CO2 emissions of 125,000 tonnes a year, equivalent to the emissions generated by the annual consumption of 84,000 Spanish households.
Vow ASA and ArcelorMittal join forces to build biogas plant in Luxembourg
Specialist provider of technology for decarbonising industry, Vow ASA, signed a strategic Memorandum of Understanding with ArcelorMittal to work on a project to build a biogas production plant that will reduce CO2 emissions produced during the steelmaking process. The Rodange biogas plant is planned to come online in 2023.
2020
ArcelorMittal ranked at global leadership level on climate action
ArcelorMittal was again recognised by CDP for its strong performance in corporate transparency and action on climate change. ArcelorMittal successfully retained its A- score in the 2020 CDP Climate Change assessment, putting the company within the top quartile of all metal smelting, refining and forming companies and the top 10% of the steel industry.
ArcelorMittal Europe starts producing ‘green steel’
ArcelorMittal Europe announced details of the CO2e emissions technology strategy that will enable it to offer its first green steel solutions to customers. Production will rise from 30,000 tonnes in 2020 to 120,000 tonnes in 2021 and 600,000 tonnes by 2022.
ArcelorMittal sets 2050 net-zero target
ArcelorMittal announced a group-wide commitment to becoming net-zero by 2050, building on the commitment made in 2019 for its European business to reduce emissions by 30% by 2030, and become net zero by 2050.
ArcelorMittal Europe sets out path to net-zero by 2050
In its Climate Action in Europe Report, ArcelorMittal Europe announced details of how it plans to become net-zero by 2050. By investing in two routes for low carbon-emissions steelmaking – Smart Carbon and Innovative DRI – ArcelorMittal Europe can significantly reduce CO2e emissions by 2030 over a 2018 baseline.
European Investment Bank makes €75 million loan to finance breakthrough technology
The European Investment Bank, with the support of the European Commission, granted a €75 million loan to ArcelorMittal for the construction of two ground-breaking projects at the company’s Ghent facility in Belgium. The Carbalyst and Torero projects require total investment of €235 million and will save 350,000 tonnes of CO2 by converting waste and by-products into valuable new products.
CDP recognises ArcelorMittal as a global leader on climate action
CDP recognised ArcelorMittal for its leadership on corporate transparency and action on climate change from among over 8,000 companies worldwide that were scored on their 2019 disclosures. ArcelorMittal scored an A- in the 2019 CDP Climate Change assessment, an improvement from C in 2017, which means the company has now reached leadership level. The score put ArcelorMittal amongst the top 11% of companies within our industry.
2019
ArcelorMittal Europe sets target to cut carbon emissions by 30% by 2030
ArcelorMittal Europe announced its roadmap and plans to reduce CO2e emissions by 30% by 2030. The target is in line with the company’s ambition to become net zero in Europe by 2050 which was announced in May 2020.
worldsteel acknowledges ArcelorMittal’s excellence in sustainability
For the third consecutive year, ArcelorMittal won worldsteel’s Steelie Award for excellence in sustainability. The award highlights the company’s industry leadership on sustainability and was given in recognition of ArcelorMittal publishing the steel sector’s first Climate Action Report in May 2019.
ArcelorMittal commits to Equinor-led carbon capture and storage project
The company signed a Memorandum of Understanding with international energy firm, Equinor to develop value chains in carbon capture and storage. ArcelorMittal will participate in a number of joint activities, including the development of logistics, exploring potential commercial models, and advocating on the topic of carbon capture and use (CCU) or storage (CCS).
ArcelorMittal commissions design of demonstration plant for hydrogen steel production in Hamburg
ArcelorMittal commissioned technology provider Midrex Technologies to design a demonstration plant at its Hamburg site to produce steel with hydrogen. The demonstration plant will produce around 100,000 tons of direct reduced iron per year, initially with grey hydrogen sourced from natural gas and eventually green hydrogen from renewable energy sources.
ArcelorMittal unveils Belgium’s largest solar roof
The installation of more than 27,000 solar panels on the roof of ArcelorMittal in Ghent was completed, creating the largest solar roof in Belgium. The project will aid ArcelorMittal Belgium’s journey to low-carbon steelmaking as the power generated will be used internally in Ghent.
ArcelorMittal ranked best steel company for low carbon innovations
CDP’s Melting Point report ranked ArcelorMittal first in five categories relating to steel companies’ readiness for a low carbon transition. The categories were low carbon innovations, transition opportunities, data transparency, renewable energy use, and board and executive climate management.
ArcelorMittal publishes first Climate Action Report
In its first Climate Action Report, ArcelorMittal announced its ambition to significantly reduce CO2e or greenhouse gas emissions globally and become carbon-neutral in Europe by 2050. The report set out two technology pathways that can lead to net zero steelmaking and a range of low and zero carbon-emissions technologies.