Here's the Speculator's version. It says something about processing iron ore without coal, so I guess the new furnaces will do both primary steel-making and recycling of scrap.
Hopefully the province kicks money in too, but regardless of that I bet it's worth AM-D's investment to avoid being tagged for future environmental costs and taxes.
Federal government offers ArcelorMittal Dofasco $400 million for dramatic steelmaking overhaul
https://www.thespec.com/news/hamilto...-overhaul.html
Matthew Van Dongen
The Hamilton Spectator
Fri., July 30, 2021
The federal government is offering $400 million to ArcelorMittal Dofasco for a dramatic steelmaking overhaul designed to slash carbon emissions — and end the use of polluting coal altogether by 2028.
The catch: the steelmaker says the project is contingent on both federal and provincial cash for the $1.8 billion overhaul.
The project would add a new electric arc furnace and upgrade facilities to process iron ore without the use of coal and aging coke plants and blast furnaces plagued by regular pollution incidents.
It would also set the stage for a hoped-for future transition to “green hydrogen”-fuelled steelmaking.
It’s not yet clear how quickly the project will go ahead, given the steelmaker is still seeking more funding help.
But the company says ideally, it is aiming to phase out coal-fired steelmaking by 2028.
That would cut the steelmaker’s greenhouse gas emissions by three million tonnes annually — or more than a quarter of all yearly carbon emissions in Hamilton.
It would also allow Hamilton residents to breathe easier if infamously polluting coke plants and blast furnaces are shut down.
More to come.