$500M boost for ArcelorMittal Dofasco secures future steel jobs in Hamilton, province says
Ontario’s quest to replace coal-fired coke ovens and blast furnaces with new low-emissions technology received a major boost on Tuesday, with the province contributing up to $500 million in loans and grants to the ArcelorMittal Dofasco plant in Hamilton.
Premier Doug Ford and company officials said the investment will help transform the province into a world leader in green steel production. This will boost the province’s strong auto parts supply chain and skilled workforce in communities deeply rooted in steelmaking, they said, to help meet global demand for auto production. low carbon.
“Hamilton is a steel town,” Ford said at a news conference Tuesday morning at the ArcelorMittal Dofasco plant.
The city, he said, already makes “some of the best steel in the world” and will soon be able to add the “cleanest” steel to that designation.
“What it does, it gives every person here – 4,600 [employees] — certainty, for decades,” Ford said.
“…Through the actions of our government, Ontario will play a major role in building the low-emission vehicles of the future here in Ontario, and steel, clean steel, will be a critical ingredient.
Ron Bedard, president and CEO of ArcelorMittal Dofasco, said the investment puts the company on a path to sustainable low-carbon steel.
Bedard said today’s announcement “sends a signal that Hamilton is a center of steelmaking, safety and excellence, and a key part of Ontario’s economy, and that c is an industry that can help achieve our climate change goals.”
Meanwhile, Economic Development, Job Creation and Trade Minister Vic Fedeli said investing in green steel manufacturing “will give automakers and other industries an extra reason to buy Ontario and hire Ontario workers as they seek to transform their supply chain.
“This Hamilton plant will be among the first in ArcelorMittal’s global operations to replace blast furnaces with electric arc furnaces…Ultimately, if the car of the future is going to be electric, then the steel with which it’s made has to be electric, too,” Fedeli said.
“With this investment, the car of the future will also be low-carbon before it even rolls off the assembly line. This is a major milestone for Ontario’s global auto sector.”
ArcelorMittal Dofasco — Canada’s largest flat-rolled steel producer and Hamilton’s largest private sector employer, employing approximately 4,600 people — has been producing steel in Hamilton for more than 100 years.
Last July, the federal government announced $400 million for a project at ArcelorMittal Dofasco that the company says will help it more than halve its carbon emissions.
The government said its investment is part of a $1.765 billion project to phase out coal-fired steelmaking and is expected to reduce greenhouse gas emissions by up to three million tonnes a year. ‘by 2030. The goal is to complete the project by 2028. .
TAF: Hamilton has the highest per capita emissions in the GTHA
Meanwhile, in its latest report, the Atmospheric Fund (TAF), a regional climate agency that focuses on the Greater Toronto and Hamilton Areasaid Hamilton has the highest per capita emissions in the GTHA.
In addition, TAF highlighted the following:
- 53% of Hamilton’s emissions come from industry, which accounts for 55.6% of the GTHA’s industrial emissions.
- Emissions decreased by less than 1% in 2019 and by 13.6% in 2020. The 2020 decrease is the result of pandemic-related impacts and is expected to be temporary.
- Hamilton saw a moderate decline in emissions from transportation in 2020 compared to other regions.
On its website, the City of Hamilton said the impacts of climate change are not only causing millions of dollars in damage to infrastructure, but damaging homes and businesses and putting people at increased risk to their health and safety. .
The city said climate change is observed locally in the increased frequency and severity of heat waves causing drought, and the increased severity and frequency of storms, heavy rainfall leading to flooding, erosion of shorelines and escarpments.
Hamilton is on a mission to accomplish net zero greenhouse gas emissions by 2050.