ArcelorMittal has signed a Memorandum of Understanding (MoU) with the Spanish government that will see a ?,?1 billion ($1.19 billion) investment in decarbonization technologies at the company's Asturias plant in Gij??n, it has announced.
The investments in new direct-reduction iron (DRI) and electric-arc furnace (EAF) installations in Gij??n will reduce carbon emissions from the company's Spanish operations over the next five years by 50%, equivalent to 4.8 million tonnes, on the condition of abundantly available green hydrogen.This will take the Gij??n plant away from steelmaking via the blast furnace-basic oxygen furnace route to the DRI-EAF alternative, which has...