At ArcelorMittal's Dofasco mill in Hamilton, Ontario, Canada, the company broke ground in October on its CAD$1.8 billion decarbonization project. To carry out the project, the company has partnered with the Canadian government and the Ontario provincial government.
The Dofasco plant will use a direct-reduction electric arc furnace for steelmaking, which is considered a lower-carbon solution for ironmaking. The DRI-EAF will initially run on natural gas, but will then be built to be "hydrogen-capable" so that it can later switch to green hydrogen as an energy source.
To support the project, the national government has contributed CAD400 million, and the Ontario government has pledged CAD500 million. The ceremony took place at ArcelorMittal Dofasco's Hamilton site and was attended by Canadian Prime Minister Justin Trudeau and ArcelorMittal Chairman Lakshmi Mittal, among others.
"By investing in ArcelorMittal Dofasco's clean steel project, we are investing in the future of this plant and this industry," Prime Minister Trudeau said at the event.