ArcelorMittal secures 75 M€ EIB loan to scale up two technologies to reduce carbon emissions
Type of post: NEWS IN BRIEF.
The European Investment Bank (EIB), with the
support of the European Commission, has granted a 75 M€ loan to ArcelorMittal for the
construction of two ground-breaking projects (worth 215 M€ in total) at its
Ghent site to considerably reduce its carbon emissions (up to 350,000 tonnes of
CO2 emissions per year in the first phase) by converting waste and by-products
into valuable new products.
Press release: “EU
supports ArcelorMittal with EUR 75m EIB loan to scale up breakthrough
technology to reduce carbon emissions”, 19/5/2020.
Related posts:
- “Sulzer
to provide the distillation equipment for the waste gas to ethanol plant of
ArcelorMittal in Belgium”, 17/1/2019.
- “Air
Liquide to provide the purification technology for the waste gas to ethanol
plant of ArcelorMittal in Belgium”, 28/10/2019.
Figure 1. 3D model of the new plant (taken from
the press release)
The EIB investment is supported by InnovFin
Energy Demonstration Projects and financed under Horizon 2020 and the NER 300
funding programme of the European Commission.
Steelanol project
Description
|
Industrial-scale
demonstration plant that will capture waste gases from the blast furnace and
biologically convert them into recycled-carbon ethanol. The technology was
developed by LanzaTech.
|
Total
budget
|
165 M€.
|
Production
capacity
|
80 Ml of
recycled-carbon ethanol a year.
It is the
first commercial product of ArcelorMittal’s Carbalyst® family of recycled
carbon chemicals.
|
Employment
effect
|
500 construction
jobs over the next two years and 20-30 new permanent direct jobs.
|
Start-up
|
2022.
|
Torero project
Description
|
Large-scale
demonstration plant to convert waste wood into bio-coal, partially replacing
the coal currently injected into the blast furnace.
|
Total
budget
|
50 M€.
|
Production
capacity
|
40 ktons
of bio-coal every year from 60 ktons of waste wood.
|
Employment
effect
|
70
external jobs and 10 new permanent direct jobs for the operation.
|
Partners
|
Torr-Coal,
Renewi, Joanneum Research Centre, Graz University and Chalmers Technical
University.
|
Start-up
|
End of 2022.
|