Steel producer ArcelorMittal Dofasco will invest $1.8-billion to replace coal-fed coke ovens and blast furnaces with low-emission technology at its plant in Hamilton, Ontario.
The upgrade is expected to reduce carbon dioxide emissions by about three million tonnes a year, equivalent to taking almost one million cars off the road, company officials noted.
“Reducing our CO2 emissions intensity worldwide by 25% by 2030 is an ambitious target for a steel and mining company, but we believe it is achievable and that it is our responsibility to invent or innovate the processes and technologies that will enable us to reach that goal,” said John Brett, ArcelorMittal North America CEO. “As part of that, we understand that in the coming years, the assets used to make steel will undergo a transformation on a scale not seen for many decades.”
This new production route for ArcelorMittal Dofasco will provide a technically advanced manufacturing environment for operations, maintenance, and technology staff to work in, with improved health and safety. New positions, training, and development will be provided for employees moving from existing business units to new assets, with approximately 160,000 training hours required to transition the workforce to the new footprint, according to company officials.
“From day one, our government’s plan has been to unleash Ontario’s economic potential by reducing the cost of doing business in Ontario by nearly $7 billion a year,” added Vic Fedeli, Minister of Economic Development Job Creation and Trade. “This once-in-a-generation investment to transform the province into a world-leading producer of green steel is a major step forward as we strive for a full economic recovery and transform our auto supply chains to build the car of the future, right here in Ontario.”
The province is tying its project's objectives to its automotive strategy, aimed at attracting electric vehicle production to Ontario.