ArcelorMittal has officially announced its decision to give a green light for its decarbonisation plan in Spain, Kallanish learns from the company.
The company’s project includes the construction of a 2.3 million tonnes/year green hydrogen-based direct reduced iron unit, complemented by a 1.1m t/y hybrid EAF, which will substitute the current blast furnace.
“We began the initial engineering and design (FEED) phase of the DRI/EAF projects as we prepare to close the agreements on the commitments with the equipment manufacturers to establish the supply schedule, after having completed all the preliminary evaluation stages,” says ArcelorMittal.
The EAF is expected to be operational in the second half of 2025. “Once started, the plant will be able to produce high volumes of low carbon steel wire rod and rail, which will place the Spanish unit in a highly competitive, particularly for high value-added products market.”
The project is expected to cut almost 70.9 million tonnes of CO2 emissions, the steelmaker adds.
The investment is €1 billion ($1.1 billion), including a €450m contribution from the Spanish government. The co-funding is part of the national recovery and resilience plan approved by the European Commission.
Todor Kirkov Bulgaria
