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EU approves Belgian state aid to ArcelorMittal for decarbonising production

The European Commission on Thursday said it had approved 280 million euros ($308 million) in state aid granted by Belgium to steel maker ArcelorMittal (MT.LU) to help it decarbonise its steel production.
The aid will support the construction of a direct reduction iron plant, which together with a new electric arc furnace will replace one of two existing blast furnaces. The plant, which is expected to be operational by 2026, will ultimately be operated using renewable hydrogen.
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149 more agrees trigger scaled up advertising

  • Daniel Waweru

    47 w

    Reducing the carbon print should be everyone's goal, Such commitment by The European Commission is of great help. Great commitment

    2
    • Rukia Ahmed Abdi

      50 w

      good transition.

      8
      • We Don't Have Time

        50 w

        Dear Grace Njeri Thank you for getting your climate love to level 2! We have reached out to European Union and requested a response. I will keep you updated on any progress! /Adam We Don't Have Time

        4
        • George Kariuki

          50 w

          By embracing renewable energy and adopting cleaner technologies, the steel industry can make substantial strides towards a more sustainable and climate-friendly future.

          7
          • john linus Tom

            50 w

            The more we act positively now, the more we create a more sustainable world

            7
            • mercy nduta

              50 w

              Decarbonization comes with major benefits beyond environmental protection related to risk management, health, value creation, and innovation opportunities.

              9
              • Elizabeth Gathigia

                51 w

                This is good it ll reduce carbon emissions

                8
                • Komu Daniel

                  51 w

                  A great milestone towards reducing carbon emissions

                  7
                  • Munene Mugambi

                    51 w

                    This will lower those carbon footprints

                    16
                    • Harrison wambui

                      51 w

                      Transition

                      15
                      • Richard S

                        51 w

                        💚 #Transition 🇧🇪🇪🇺

                        5
                        Welcome, let's solve the climate crisis together
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