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19.05.2020Belgium: EU supports ArcelorMittal with EUR 75m EIB loan to scale up breakthrough technology to reduce carbon emissions
The European Investment Bank (EIB), with the support of the European Commission, has granted a EUR 75m loan to ArcelorMittal for the construction of two ground-breaking projects at ArcelorMittal Ghent, Belgium, to considerably reduce carbon emissions by converting waste and by-products into valuable new products, helping to develop low-carbon steelmaking technologies, in line with the EU’s climate objectives.

Details of the projects include:

Steelanol: a EUR 165m industrial-scale demonstration plant that will capture waste gases from the blast furnace and biologically convert them into recycled-carbonethanol, the first commercial product of ArcelorMittal’s Carbalyst® family of recycled carbon chemicals. The ethanol produced can be blended for use as a liquid fuel. The technology was developed by LanzaTech, with whom ArcelorMittal has entered a long-term partnership, together with Primetals and E4tech.
Once complete, the plant is expected to produce up to 80 million litres of recycled-carbon ethanol a year. The new installation will create up to 500 construction jobs over the next two years and 20 to 30 new permanent direct jobs. The project is expected to be completed in 2022.