ArcelorMittal France, a subsidiary of the ArcelorMittal steel corporation, has announced that the project to build a new ladle furnace at its Fos-sur-Mer plant has entered the final stages since the beginning of the year. This is reported by SteelOrbis.
The unit is scheduled to start up and ramp up in the second quarter of 2024.
The new ladle furnace will reduce the carbon footprint of the Fos-sur-Mer steel plant by almost 10%. Overall, the company intends to reduce carbon emissions by 35% by 2030.
According to ArcelorMittal France, about €76 million was invested in the project, which began in 2022, including €15 million from the French government as part of the France relance plan.
«These investments will significantly transform steel production in France and help the steel industry to get on the path to implementing the Paris Agreement,» the company said in a statement.
As GMK Center reported earlier, ArcelorMittal and the French authorities have agreed to invest €1.8 billion to reduce greenhouse gas emissions at the company’s steel plant in Dunkirk. The funds will be used to finance two electric arc furnaces and a direct reduction plant at the site, which will reduce CO2 emissions in the country’s industrial sector by 6%.
Last summer, the European Commission approved a €850 million subsidy package from the French government, which is part of President Emmanuel Macron’s strategy to reduce emissions at 50 of France’s most polluting facilities.
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