Hamilton, Ontario — On Feb. 15, ArcelorMittal Dofasco and the Ontario government announced a joint investment to modernize steel production facilities in Hamilton.
Dubbed a “once-in-a-generation investment,” the $1.8 billion invested by ArcelorMittal and the $500 million by the Ontario government will replace Hamilton’s coal-fed coke ovens and blast furnaces with hydrogen-based electric arc furnaces.
According to the Government of Ontario, this project will reduce emissions equivalent to the output of one million cars, with the final goal of achieving carbon-neutral manufacturing by 2028.
“Reducing ArcelorMittal’s CO2 emissions intensity worldwide by 25 percent by 2030 is ambitious but we believe it is achievable,” said John Brett, CEO North America, ArcelorMittal. “The assets used to make steel will undergo a transformation on a scale not seen for many decades.”
“As companies like ArcelorMittal Dofasco make significant investments to reduce emissions, they do so knowing they can rely on Ontario’s clean and affordable electricity system,” said Todd Smith, Minister of Energy. “Our government is proud to support this expansion of clean steelmaking that will support local jobs in Hamilton.”