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They have signed an agreement which involves a trial at ArcelorMittal’s steel plant in Gent, Belgium and another site in North America
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They intend to develop, build and operate the facilities and drive forward the production of carbon-neutral steel, with plans to replace coal with the greener alternatives as the main source of energy in steel production
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It has published clear definitions for what low carbon or zero-carbon steel should consist of – to incentivise the industry to take action
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It has agreed to pay $1.55bn for Sprng Energy
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ArcelorMittal has used the gas to reduce iron ore in Canada
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The project is expected to cut emissions at ArcelorMittal Dofasco in Hamilton, Ontario, by around 60% over the next seven years
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The steelmaking giant plans to achieve carbon-neutral steelmaking processes using hydrogen, circular carbon, carbon capture and utilisation and storage technologies
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The bank has granted a €75m loan for two fuel projects in Belgium set to reduce up to 350,000 tonnes of carbon dioxide per year in their first phase
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World’s biggest steelmaker ArcelorMittal plans to cut carbon emissions by 30% across Europe in the next decade
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The steel industry accounts for around 7% of global emissions
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It was a condition set by the Commission for its acquisition of Italian steelmaker Ilva
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The company is launching a new project in Hamburg it expects to cost around €65 million
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