ArcelorMittal Belgium will build a 2.5 million-tonne-per-year direct reduced iron (DRI) plant and two electric furnaces (EAFs) at its Ghent site that will drive down its carbon emissions, it said.
The steelmaker has signed a letter of intent with the governments of Belgium and Flanders, supporting the ?,?1.1 billion ($1.16 billion) project, it said on Tuesday September 28.This will reduce CO2 emissions by 3.9 million tonnes per year by 2030 compared with 2018 at ArcelorMittal Belgium on a scope 1 (covering direct emissions from owned or controlled sources) and scope 2 (indirect emissions from the generation of purchased energy) basis in accordance with the greenhouse...