ArcelorMittal Annual Report 2024 Highlights Sustainability Milestones

SEATTLE (Scrap Monster): The year's significant sustainability advancements are highlighted in ArcelorMittal's Annual Report 2024.

The report claims that in February 2024, the company and Petrobras signed a memorandum of understanding to investigate business models for carbon capture and storage (CSS), hydrogen and its products, low-carbon fuels, and renewable energy production. ArcelorMittal Calvert revealed plans in April to construct a state-of-the-art manufacturing facility in Calvert, Alabama, capable of producing up to 150,000 tonnes of non-grain-oriented electrical steel domestically annually.

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The company stated in May of last year that work on an EAF for long products at its Gijn factory had begun. It is anticipated that the plant will be operating in Q1 2026. Carbon dioxide emissions will be reduced by at least 35% as a result of the new EAF. The business successfully began running a pilot carbon capture unit on the blast furnace off-gas at ArcelorMittal Gent in Belgium that same month.

Contracts for the construction of two solar energy projects with a total capacity of 465MW were signed by ArcelorMittal Brazil later in August.

In October, the findings of the thorough dss+ workplace safety audit that had begun at the end of 2023 were released. Additionally, ArcelorMittal updated its decarbonization goals in Europe in November 2024.