Government of Canada investment in modernization of company's facilities to enable lower-emissions advanced steel production
October 13, 2022 - Hamilton, Ontario
The transition to a cleaner, more prosperous economy ensures more jobs for Canadians now and for decades to come. By investing in clean technology, we are creating good jobs, strengthening our economy, cutting pollution and building a better Canada.
Today, the Prime Minister, Justin Trudeau, and the Minister of Innovation, Science and Industry, François-Philippe Champagne, participated in a groundbreaking ceremony for a decarbonization project at the ArcelorMittal Dofasco facilities in Hamilton, Ontario. This project was made possible by a Government of Canada investment of $400 million through the Strategic Innovation Fund and is expected to support as many as 2,500 well-paying construction jobs, while also maintaining Dofasco's strong employment position in Hamilton and providing upskilling opportunities for workers.
This is an important milestone for the project, which will make a significant contribution toward Canada achieving its climate goals, reducing greenhouse gas (GHG) emissions by up to 3 million tonnes per year by 2030. The government's investment will support ArcelorMittal Dofasco in becoming North America's first steel producer to transition to a hydrogen-ready, direct reduced iron-fed electric arc furnace at this scale for the development of advanced steels that serve the automotive, construction and manufacturing, and consumer packaging industries. Lower-emissions advanced steel is in high demand for products like electric vehicles. This project is helping Canada be a leader in manufacturing the clean end-to-end goods the global market increasingly demands. The project will result in higher productivity, product quality and energy efficiency at ArcelorMittal Dofasco.
