ArcelorMittal Europe targets 2030 emissions’ cut

ArcelorMittal has announced its plan to cut CO₂ emissions at its European plants by -30% by 2030 through a series of investments, Kallanish learns from a company statement.

The global steelmaker notes that this plan puts the company in line to reach its target of carbon neutrality in 2050.

The reduction in CO₂ emissions by 2030 will be supported by a series of investments. This includes the launch of a project at ArcelorMittal Ghent in 2020 to capture waste gases from a blast furnace to convert into bio-ethanol. It also comprises the development of a carbon capture system at the Dunkirk plant and an increase of use of hydrogen to reduce iron ore in Hamburg.

“Key to the success of the roadmap, and ArcelorMittal Europe’s ambition to be carbon neutral by 2050, will be supportive policy to ensure a global level playing field and so ArcelorMittal supports the European Commission’s Green Deal, and believes the right market mechanisms are a critical part of enabling the deployment of low-emissions steelmaking. This includes a carbon border adjustment complementary to the existing ETS and the Just Transition Fund, to invest in research, innovation and green technology,” the company says.