EU GREEN STEELMAKING: ArcelorMittal signs decarbonization MoU with Spain

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 Gijón, it has announced.

The investments in new direct-reduction iron (DRI) and electric-arc furnace (EAF) installations in Gijón 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.
To maximize the emissions reduction potential, green hydrogen will be used to reduce the iron ore for the DRI, with the EAF powered by renewable electricity.
A 2.3 million tonnes-per year DRI unit powered by green hydrogen, complemented by a 1.1 million-tpy hybrid EAF, will be in production before the end of 2025, ArcelorMittal said.

This will take the Gijón plant away from steelmaking via the blast furnace-basic oxygen furnace route to the DRI-EAF alternative, which has...

Published

Carrie Bone

July 13, 2021

16:45 GMT

London