Ontario puts $500M toward greening steel production
The Canadian PressGeneral Metal Fabrication
Funding for ArcelorMittal Dofasco project part of province’s EV strategy.
The $1.8-billion project will replace coal-fed coke ovens and blast furnaces with low-emission technology.
It’s expected to reduce carbon dioxide emissions by about three million tonnes a year, equivalent to taking almost one million cars off the road.
The province is tying the project’s objectives to its automotive strategy, aimed at attracting electric vehicle production to Ontario.
Ford says clean steel will be a “critical ingredient” in electric vehicle production, and he’s proud to support steel giant’s shift to more environmentally friendly methods.
Economic Development Minister Vic Fedeli says if the car of the future is going to be electric, then the steel it’s made with needs to be electric, too.