Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 18

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 18
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, which will be supplied to the rail and wire- rod mills at the plant. Initially, steel production through the new EAF will lead to a reduction in CO 2 emissions of over 35%; the reduction in emissions could reach 1 million tonnes of CO 2 equivalent a year once the transition phase has been completed. • On May 21, 2024, ArcelorMittal announced that it had successfully started operating a pilot carbon capture unit on the blast furnace off-gas at ArcelorMittal Gent in Belgium with partners Mitsubishi Heavy Industries, Ltd. (MHI), BHP, along with Mitsubishi Development Pty Ltd (Mitsubishi Development). The pilot carbon capture unit will operate for one to two years at Gent, to test the feasibility of progress to full-scale deployment of the technology, which would be able to capture a sizeable portion of the Gent site emissions, if successful. • On August 21, 2024, ArcelorMittal Brasil signed contracts for the development of two solar energy projects with a combined capacity of 465MW, equivalent to 14% of its current electricity requirements. The first project builds on ArcelorMittal Brazil’s existing relationship with Casa dos Ventos (see "Properties and capital expenditures— Investments in joint ventures— Ventos de Santo Antonio "). This latest agreement – again a joint venture in which ArcelorMittal Brazil will hold a 55% stake with Casa dos Ventos holding the balance – will see the construction of a 200MW capacity solar power plant on the same site as the wind power project, in the state of Bahia, north-east Brazil, with commissioning also expected before the end of 2025. The second project is a partnership with Atlas Renewable Energy, the second largest independent renewable energy developer in Latin America, for the development of a 265MW capacity solar energy project in the state of Minas Gerais, east Brazil. The agreement is for an initial 50/50 joint venture, with ArcelorMittal acquiring 100% of the solar park upon build completion. Project commissioning is again expected before the end of 2025. Both projects are subject to approval from the Administrative Council for Economic Defense (CADE), Brazil’s antitrust authority. The projects support ArcelorMittal Brazil’s aims to secure and decarbonize its future electricity needs and are a further step towards its long-term ambition to be self-sufficient in terms of its electricity requirements. • On October 9, 2024, ArcelorMittal published the