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MTS - ArcelorMittal SA News Story

€27.22 -1.2  -4.3%

Last Trade - 17/09/21

Sector
Basic Materials
Size
Large Cap
Market Cap £25.09bn
Enterprise Value £30.33bn
Revenue £45.83bn
Position in Universe 12th / 728

BRIEF-Arcelormittal Signs MoU With Spanish Government For EUR 1 Bln Investment In Decarbonisation Technology

Tue 13th July, 2021 12:51pm
July 13 (Reuters) - ArcelorMittal SA  MT.LU :
    * SIGNS MOU WITH THE SPANISH GOVERNMENT SUPPORTING €1
BILLION
INVESTMENT IN DECARBONISATION TECHNOLOGIES
    * NEW DRI AND EAF INSTALLATIONS IN GIJON WILL REDUCE CARBON
EMISSIONS AT COMPANY'S SPANISH OPERATIONS BY APPROXIMATELY 50%
    * DRI INSTALLATION IN GIJON WILL ALSO ENABLE ARCELORMITTAL
SESTAO
TO BE WORLD'S FIRST FULL-SCALE ZERO CARBON-EMISSIONS STEEL PLANT
    * NEW DRI - WHICH WILL BE FIRST OF ITS KIND IN SPAIN - AND
EAF
WILL BE IN PRODUCTION BEFORE END OF 2025
    * ARCELORMITTAL EUROPE HAS A TARGET TO REDUCE CO2 EMISSIONS
BY 30%
BY 2030, AND AN AMBITION TO BE NET-ZERO BY 2050

Source text for Eikon:  ID:nGNE98hbp1 
Further company coverage:  MT.LU 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))
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