The multinational signs a Memorandum of Understanding with the Spanish Government to reduce CO2 emissions by 50% in five years

It will build a DRI (direct reduction of iron ore) plant and an electric arc furnace at its Gijón factory

ArcelorMittal has signed a Memorandum of Understanding (MoU) with the Spanish Government that will see a €1 billion investment in decarbonisation technologies at its plant in Gijón, Asturias, and means revolutionising the way the multinational produces steel in our region.

The investments will reduce CO2 emissions at ArcelorMittal’s Spanish operations by up to 4.8 million tonnes, approximately 50% of emissions, within the next five years. It will be its largest decarbonisation project in the world.