ArcelorMittal France has announced that a new ladle furnace project at its Fos-sur-Mer plant has entered the final stages of construction.
The unit is scheduled to start up and ramp up in the second quarter of 2024.
The ladle furnace will reduce the carbon footprint of the Fos-sur-Mer steel plant by almost 10%, according to the steelmaker. Overall, the company intends to reduce carbon emissions by 35% by 2030.
About €76 million was invested in the project, which began in 2022, including €15 million from the French government.
‘‘These investments will significantly transform steel production in France and help the steel industry to get on the path to implementing the Paris Agreement.''
Statement from ArcelorMittal France
‘‘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.
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%.
Source: GMK Center