Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 69

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 69
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US pilots. Gijón, Spain ArcelorMittal has started the construction of an EAF for long products at its Gijón plant, which is expected to produce its first heat in the first quarter of 2026. This investment of €213 million will be the first major EAF project to be implemented within the Company’s decarbonization program in Europe and will constitute the first step towards low-carbon emissions steelmaking in Asturias. See "Introduction— Sustainable developments highlights". Sestao, Spain Sestao is in an advantageous position as very few producers in Europe are capable of producing low-carbon emission flat steel via the EAF route today. There has been good progress with the Company's efforts to increase production to 1.6 million tonnes by 2026 at its flat products plant in Sestao where it has two EAFs. Once complete, much of this production will be XCarb® RRP low-carbon emissions steel. Sestao is also Europe’s first Compact Strip Production ("CSP") mill line that combines continuous casting, heating and rolling of slabs, and the plant can produce steel from melting start to coiling finish in approximately 3 hours. This type of plant benefits from energy saving compared to conventional production, due to its simplified and shortened production cycle minimizing reheating needs. AMNS Calvert, USA The joint venture has invested in a new 1.5 million-tonnes EAF, see "Properties and capital expenditures—Capital expenditures". Securing the resources for the transition ArcelorMittal has been investing in key resources to support the decarbonization of the Group including renewables and high quality metallics. Access to clean electricity Grid decarbonization in countries where the Company operates has helped its CO 2 footprint over the past few years, especially in countries with high renewable penetration (for example Spain, France and Canada), although the overall impact has been limited. As countries continue to accelerate clean energy deployment and build the additional grid infrastructure needed as part of their climate goals, further progress is expected. The Company is also investing in secure access to renewable energy by developing its own renewable energy projects, in regions where competitive projects can be developed due to the high quality of natural resources and enabling conditions in place (grid infrastructure, supporting policies, etc. ). Currently, the Company has a 2.1GW renewable energy portfolio:

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AM Green Energy The Company is investing in developing renewable projects that will help with the decarbonization of AMNS India