Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 71

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 71
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 the Quebec government, would enable AMMC to convert its entire 10 million tonnes per year pellet production to DRI pellets. The project is in the construction phase and is expected to be completed by the second quarter of 2026. It is expected to become one of the world’s largest producers of DRI pellets, the raw material feedstock for iron-making in a DRI furnace. The project includes the implementation of a flotation system that is expected to enable a significant reduction of silica in the iron ore pellets, facilitating the production of very high-quality pellets. It is also expected to deliver a direct annual carbon emissions reduction of approximately 200,000 tonnes at AMMC’s Port-Cartier pellet plant, equivalent to over 20% of the pellet plant’s total annual carbon emissions. ArcelorMittal Texas HBI In 2022, the Company secured high-quality metallic feedstock and purchased a majority shareholding in a world-class HBI plant in Texas (USA). The plant has a 2 million tonnes production capacity . HBI is a high-quality feedstock made through the direct reduction of iron ore which is used to produce high-quality steel grades in an EAF, but which can also be used in blast furnaces, resulting in lower coke consumption. The facility is state-of-the-art, built with best-in-class technology and equipment supplied by MIDREX Technologies . Its coastal location with access to a deep shipping channel allows for cost effective transportation. It also has the advantage of unused land that provides options for further development for additional HBI capacity. Increasing access to high quality scrap ArcelorMittal is already one of the biggest recyclers of steel in the world, recycling around 19 million tonne s of scrap every year. As part of the Sustainable Solutions segment, the recycling business oversees the acquisition and processing of scrap, supplying recycled steel to ArcelorMittal’s EAFs and offering closed loop model to customers. In 2022 and 2023, the Company acquired three recycling business: John Lawrie Metals, Alba International Recycling, and Riwald Recycling with a processing capacity of almost 1 million tonnes of scrap steel. Investing in innovative and breakthrough technologies The Company is already operating several commercial-scale projects to test and prove a range of CCUS technologies and is also partnering with different stakeholders in the value chain to overcome challenges to deploy these solutions at scale. CCS Carbon Hub in Ghent, Belgium ArcelorMittal started a feasibility study for the Ghent Carbon Hub project in partnership with North Sea Port and energy infrastructure