ArcelorMittal secures 75 M€ EIB loan to scale up two technologies to reduce carbon emissions

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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.

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