The project entered the final phase of construction since the beginning of this year
ArcelorMittal France, a subsidiary of the steelmaker ArcelorMittal, announced that the project to build a new ladle furnace at its Fos-sur-Mer plant has entered the final phase since the beginning of the year. This is reported by SteelOrbis.
The unit is scheduled to enter into operation and ramp up in the second quarter of 2024.
The new ladle furnace will reduce the carbon footprint of the Fos-sur-Mer steelworks by almost 10%. Overall, the company aims to reduce carbon emissions by 35% by 2030.
According to ArcelorMittal France, around 76 million euros were invested in the project, which began in 2022, including 15 million euros from the French government as part of France's relaunch plan.
“These investments will significantly transform steel production in France and will help the steel industry follow the path of implementing the Paris Agreement,” the company said in a statement.
As the GMK Center previously reported, ArcelorMittal and the French authorities agreed to invest 1.8 billion euros to reduce greenhouse gas emissions at the company's steel plant in Dunkirk. The funds will be used to finance two electric arc furnaces and an on-site direct reduction plant, which will reduce CO 2 emissions in the country's industrial sector by 6%.
Last summer, the European Commission approved an 850 million euro subsidy package from the French government, which is part of President Emmanuel Macron's strategy to reduce emissions at 50 of France's most polluting facilities.
