Business · Companies · 53 mins ago
ArcelorMittal plans €1.3bn electric furnace at Dunkirk steelworks
ArcelorMittal plans a €1.3bn investment at its steelworks in Dunkirk, northern France.
The project includes building an electric arc furnace to replace a coal-fired blast furnace.
The company expects €650m in public aid, about half the investment, through an energy-saving scheme.
ArcelorMittal is the steel sector’s biggest polluter in the area, so cutting emissions at the site matters to Dunkirk’s wider climate effort.
The project is less ambitious than first announced, though the reasons and details are not provided here.
Construction permits are still pending, and work is expected to start once they are issued.
ArcelorMittal plans to invest €1.3 billion in an electric arc furnace at its Dunkirk steelworks.
The furnace is intended to replace blast furnace 3, which is powered by coal.
The project is expected to receive €650 million in public support through energy-saving certificates.
Some preparatory work is visible at the site, but the company is still waiting for building permits.
The article says the project is less ambitious than initially announced.
- Who
- ArcelorMittal, the steelmaker.
- What
- It plans to build an electric arc furnace to replace coal-powered blast furnace 3.
- When
- Not stated.
- Where
- ArcelorMittal’s steelworks in Dunkirk, in northern France.
- Why
- To decarbonize the site.
This story does not have two clearly opposing sides.
Railway tracks were moved and space was cleared in a coal-storage area at the northern part of the site.
ArcelorMittal was awaiting building permits for the electric arc furnace.
- Planned investment
- €1.3 billion
- Public support
- €650 million through energy-saving certificates
- Existing furnace to be replaced
- Blast furnace 3, powered by coal
- Location
- Dunkirk, northern France
What people are saying
a major industrial project for the group in Europe
the biggest investment since the site was created