Port-Cartier, August 1st, 2023 – ArcelorMittal Mining Canada is proud to announce that its parent company, ArcelorMittal, has won the 11th annual Altair Enlighten Award in the Sustainable Process category, and that the use of pyrolytic oil as a replacement for heavy fuel oil in Port-Cartier was one of the two featured projects. The construction of an industrial scale demonstration facility at ArcelorMittal’s steel plant in Ghent, Belgium, was also highlighted by the award. This facility will convert waste wood into sustainable bioenergy.
Presented in association with the Center for Automotive Research (CAR), the Altair Enlighten Awards recognise cutting-edge technological advancements that minimise energy consumption and carbon emissions.
“The substitution of heavy fuel oil with locally produced pyrolytic oil represents considerable progress towards the production of carbon neutral pellets, which will be essential for steelmakers to reduce their own emissions. We are delighted to see our efforts to decarbonise the raw material we supply to steelmakers being recognised by the North American automotive industry,” said Mapi Mobwano, President and Chief Executive Officer of ArcelorMittal Mining Canada.
The ArcelorMittal plant in Port-Cartier is the first pellet plant in the world to use pyrolytic oil on an ongoing basis. Replacing part of the heavy fuel oil consumed in the plant with pyrolytic oil is the first step of ArcelorMittal Mining Canada’s energy transition, which plans for further GHG reductions from bunker fuel substitution with bioenergy and other green technologies. The potential reductions are expected to represent approximately 200 KT of GHG emissions when all bunker fuel will have been removed from the process.
ArcelorMittal aims to reduce its greenhouse gas emissions globally by 25% by 2030 and to achieve carbon neutrality by 2050.
About ArcelorMittal Infrastructure Canada G.P. and ArcelorMittal Mining Canada G.P.
Subsidiaries of ArcelorMittal, a world’s leading steel and mining company and among the top five producers of iron ore products globally, ArcelorMittal Infrastructure Canada G.P. (“AMIC”) and ArcelorMittal Mining Canada G.P. (“AMMC”) are two complementary entities operating on Québec’s North Shore. AMIC ensures the transport of concentrate between Mont-Wright and Port-Cartier, and operates a seaport in Port-Cartier to transport and ship AMMC’s products to four continents. AMMC produces iron oxide concentrate and pellets for the steel market. The two companies employ approximately 2,500 people, making ArcelorMittal the largest employer in the North Shore region.
Longueuil, May 24, 2023 – ArcelorMittal Mining Canada G.P. (“ArcelorMittal”) is proud to announce that it won the Mercure award in the “Ordre des CPA du Québec – Business Strategy” category at the Mercuriades competition organised by the Fédération des Chambres de commerce du Québec.
“Our market is going through a profound transformation, and we are delighted that a competition as prestigious as the Mercuriades recognizes the quality of the strategy that we developed to stand out in this business context. I thank our employees, who allow us to make our vision a little more concrete each day, and I salute the invaluable collaboration of our partners at Rémabec and BioÉnergie AE Côte-Nord Canada. I am convinced that we will continue to accomplish great things together,” declared Mapi Mobwano, President and Chief Executive Officer of ArcelorMittal Mining Canada.
ArcelorMittal’s business strategy is built around its energy transition. Among other initiatives, it includes the conversion of the process of its Port-Cartier pellet plant to steer all production to direct reduction pellets, an essential product to operate the electric arc furnaces to which a growing number of steel mills are converting with the aim of reducing their greenhouse gas emissions.
“Our business strategy will allow us to become a key player in the decarbonization of the steel industry. Above all, we will ensure our Port-Cartier plant is established as an international reference,” Mr. Mobwano added.
We should remember that in 2022, the Port-Cartier pellet plant became the first in the world to substitute pyrolytic oil for heavy fuel oil on a continuous basis. By using this biofuel, produced locally by BioÉnergie AE Côte-Nord Canada, ArcelorMittal not only reduces its emissions but builds a true regional energy ecosystem by uniting the two great resources of the Côte-Nord region, iron and forest.
The Mercuriades is recognized as the most prestigious awards competition in the Québec business community. Every year, it celebrates the innovation, ambition, entrepreneurship and performance of Québec companies, both SMEs and large companies. The winners were announced at the Gala held at the Palais des congrès on May 23.
About ArcelorMittal Infrastructure Canada G.P. and ArcelorMittal Mining Canada G.P.
Subsidiaries of ArcelorMittal, a world’s leading steel and mining company and among the top five producers of iron ore products globally, ArcelorMittal Infrastructure Canada G.P. (“AMIC”) and ArcelorMittal Mining Canada G.P. (“AMMC”) are two complementary entities operating on Québec’s North Shore. AMIC ensures the transport of concentrate between Mont-Wright and Port-Cartier, and operates a seaport in Port-Cartier to transport and ship AMMC’s products to four continents. AMMC produces iron oxide concentrate and pellets for the steel market. The two companies employ approximately 2,500 people, making ArcelorMittal the largest employer in the North Shore region.
On the picture : Pierre Maheux, President, Groupe Autobus Maheux, Karine Bouchard, Sales Director, Electric Lion, Jeff Desruisseaux, President and Chief Executive Officer, Cléo and Jean-Paul Ordioni, Chief Operating Officer (interim), ArcelorMittal Mining Canada. Photo Credit : Patrick Canuel
Fermont, April 26, 2023 – ArcelorMittal Mining Canada G.P. (“ArcelorMittal”) has reached another milestone in its energy transition by becoming the first mining company in Québec and the first company on the North Shore to use electric buses to transport its workers. The eight buses that will be used by ArcelorMittal were manufactured in Saint-Jérôme by the Lion Electric Company (NYSE: LEV) (TSX: LEV). They will be operated by Transport Therrien, a Fermont-based company that is part of Groupe Autobus Maheux, while the design and installation of the charging infrastructure was undertaken by Cléo, a subsidiary of Hydro-Québec.
“With the arrival of electric buses for our employees, we are continuing to implement our sustainable development strategy. We are particularly pleased about being the first in Québec to bring this plan to fruition in collaboration with local companies like Lion Electric, Transport Therrien and Cléo, who are teaming up with us to help us reduce our carbon footprint,” said Mapi Mobwano, president and CEO of ArcelorMittal Mining Canada.
“We are proud to participate in decarbonizing our industry by using electric vehicles. Since acquiring our first electric bus in 2016, we have developed the expertise to meet the energy transition challenge in northern environments. Today, we pay tribute to ArcelorMittal’s leadership. This unprecedented project proves that it is now possible to operate a fleet of electric buses north of the 53rd parallel,” said Pierre Maheux, president of Groupe Autobus Maheux
To support and encourage the electrification of transportation, ArcelorMittal has also started installing electric charging stations at its Mont-Wright and Port-Cartier facilities. Twelve FLO charging stations have already been installed and more will be installed within a few months. These stations are accessible at all times and are free of charge for employees.
ArcelorMittal aims to reduce its greenhouse gas emissions by 25% by 2030 and to achieve carbon neutrality by 2050.
About ArcelorMittal Infrastructure Canada G.P. and ArcelorMittal Mining Canada G.P.
Subsidiaries of ArcelorMittal, a world’s leading steel and mining company and among the top five producers of iron ore products globally, ArcelorMittal Infrastructure Canada G.P. (“AMIC”) and ArcelorMittal Mining Canada G.P. (“AMMC”) are two complementary entities operating on Québec’s North Shore. AMIC ensures the transport of concentrate between Mont-Wright and Port-Cartier, and operates a seaport in Port-Cartier to transport and ship AMMC’s products to four continents. AMMC produces iron oxide concentrate and pellets for the steel market. The two companies employ approximately 2,500 people, making ArcelorMittal the largest employer in the North Shore region.
About Transport Therrien and Groupe Autobus Maheux Transport Therrien, a subsidiary of Groupe Autobus Maheux, is the bus transportation specialist in Fermont. In operation since 1958, the company has about 30 employees and provides safe and reliable transportation services for workers, students and charter customers. Groupe Autobus Maheux is a company with approximately 340 employees operating over 220 vehicles, based primarily in Abitibi-Témiscamingue, Northern Québec, the Outaouais and Caniapiscau.
On the picture: Mapi Mobwano, President and Chief Executive Officer of ArcelorMittal Mining Canada with two Guardians of Nitassinan, Derek Michel Jomphe and Yan Grégoire Hervieux along with Myriam Martin-Turcotte, Consultant, Environment at ArcelorMittal Mining Canada.
Port-Cartier, April 20, 2023 – ArcelorMittal Mines and Infrastructure Canada (“ArcelorMittal”) is proud to announce that its Environment and Sustainable Development team now includes three Guardians of Nitassinan, whose mission is to watch over the traditional land of the Innu. These guardians were trained in the community of Uashat mak Mani-utenam and will conduct environmental monitoring and sampling to assess the state of the land, water and wildlife and to study the impacts of climate change and resource development in Nitassinan.
“It is imperative that we respect the traditions, land, and culture of local communities where we operate. Having the Guardians of Nitassinan as part of our team not only presents an additional step towards environmental integrity, but also increases our understanding of the cultural ties and traditions of the Innu People. We are proud to be the first mining company in Quebec to take this step,” said Stefan Buys, Executive Vice President, and CEO of ArcelorMittal Mining.
“We are thrilled to welcome the Guardians of Nitassinan on our team. We want to build close ties with our Innu partners through initiatives like these that bring our respective communities together. We are also continuing to raise awareness among our employees about the importance of respecting Innu culture and traditions,” said Mapi Mobwano, president and CEO of ArcelorMittal Mining Canada.
The Innu community of Uashat mak Mani-utenam has been living in Nitassinan, their ancestral land, for thousands of years. They have a unique connection to their land and its environment. That is why Innu Takuaikan Uashat mak Mani-utenam (“ITUM”) created the Guardians of Nitassinan’s project to ensure the continued use and development of land, water and wildlife management and protection practices in accordance with traditional Innu knowledge.
“ITUM is very pleased that community members will be able to help protect Nitassinan and its wildlife,” said Mike McKenzie, chief of ITUM. “Having our environmental expertise and leadership recognized is critical. We applaud ArcelorMittal’s collaboration in training and hiring the Guardians of Nitassinan.”
About ArcelorMittal Infrastructure Canada and ArcelorMittal Mining Canada
Subsidiaries of ArcelorMittal, a world’s leading steel and mining company and among the top five producers of iron ore products globally, ArcelorMittal Infrastructure Canada (“AMIC”) and ArcelorMittal Mining Canada G.P. (“AMMC”) are two complementary companies operating in Quebec’s North Shore region. AMIC ensures the transportation of concentrate between Mont-Wright and Port-Cartier and operates a seaport at Port-Cartier, allowing transportation and shipping of AMMC products to four continents. AMMC produces concentrate and iron oxide pellets for the steel market. The two companies employ over 2,500 people, making ArcelorMittal the biggest employer on the North Shore.
Port-Cartier, February 13, 2023 – ArcelorMittal Infrastructure Canada (“ArcelorMittal”) is proud to announce that the American magazine Railway Age has awarded it the title of “Regional Railway of the Year”. Founded in 1856, Railway Age is one of the most recognized publications in the railway industry and the one with the greatest longevity.
This distinction will be presented to the ArcelorMittal team during a ceremony that will be held this April in New Orleans, Louisiana, in the context of the 2023 edition of the Annual Conference of the American Short Line and Regional Railroad Association.
“We are honoured to receive this award, which highlights the outstanding work of our teams to operate a world-class railway. Above all, we recognize a remarkable performance to protect our workers’ health and safety, which has translated into zero lost-time injury since January 2021. We are all very proud of this achievement,” declared Mapi Mobwano, Chairman of the Management Committee of ArcelorMittal Infrastructure Canada.
“We are privileged that we can count on highly skilled workers who continuously enable us to raise our standards and position ourselves advantageously in our economic sector. It is a great source of pride for our team to see our efforts recognized in this way by the major players of the North American railway industry,” said Michael LaBrie, General Manager, ArcelorMittal Infrastructure Canada.
The ArcelorMittal Railway connects the Mont-Wright and Fire Lake mines to the ArcelorMittal facilities in Port-Cartier. Every year, it allows shipping of over 25 million tonnes of iron ore to the international markets. It runs over 420 kilometres and includes 50% curves, 20 bridges, 5 tunnels and 19 sidings. A train today is composed of 210 cars and is over two kilometres long. On the average, four trains make a two-way trip every day between Mont-Wright and Port-Cartier.
Among the factors that drew Railway Age’s attention to present this award, we should mention the remarkable performance in health and safety, a car availability rate over 95%, a sustained maintenance program particularly involving grinding, rail lubrication and wheel reprofiling, and the replacement each year of more than 2,400 tonnes of rails and 25,000 ties.
About ArcelorMittal Infrastructure Canada G.P. and ArcelorMittal Mining Canada G.P.
Subsidiaries of ArcelorMittal, a world’s leading steel and mining company and among the top five producers of iron ore products globally, ArcelorMittal Infrastructure Canada G.P. (“AMIC”) and ArcelorMittal Mining Canada G.P. (“AMMC”) are two complementary entities operating on Quebec’s North Shore. AMIC ensures the transport of concentrate between Mont-Wright and Port-Cartier, and operates a seaport in Port-Cartier to transport and ship AMMC’s products to four continents. AMMC produces iron oxide concentrate and pellets for the steel market. The two companies employ approximately 2,500 people, making ArcelorMittal the largest employer in the North Shore region.
From left to right: Sonia Gagné, President and General Manager of RECYC-QUÉBEC, Mapi Mobwano, President and Chief Executive Officer of ArcelorMittal Mining Canada and Maryse Vermette, President and General Manager of Éco Entreprises Québec.
Montreal, November 22, 2022 – ArcelorMittal Mining Canada G.P. (“ArcelorMittal”) has won an EnviroLys Award in the ICI+ Green Project category for introducing the use of pyrolytic oil at its Port-Cartier plant. The EnviroLys Awards recognize private expertise in the green economy, entrepreneurship and innovation of companies in the environmental services industry. They are awarded by the Council of Environmental Technology Companies of Quebec (“CETEQ”).
“Replacing part of the heavy fuel oil we use in Port-Cartier with pyrolytic oil is the first step in our energy transition. We are continuing our efforts to go even further in decarbonizing our operations and we are delighted to receive this recognition by the industry,” said Mapi Mobwano, President and Chief Executive Officer of ArcelorMittal Mining Canada. “By using a biofuel produced locally with wood residues, we are above all uniting the two great resources of the Côte-Nord: iron and the forest. We are working to put in place a whole regional energy ecosystem and the results obtained so far confirm that this strategy shows great promise.”
To date, three million litres of pyrolytic oil have been consumed at the Port-Cartier pellet plant. The energy efficiency of the biofuel, which is manufactured by BioÉnergie AE Côte-Nord Canada, exceeds expectations. ArcelorMittal has therefore decided to accelerate the conversion of other areas that can accommodate pyrolytic oil.
The use of pyrolytic oil will reduce the use of heavy fuel oil by 23% at the pellet plant, which corresponds to an annual reduction of 57,600 tonnes of CO2 equivalent, or the removal of 14,000 vehicles from our roads. Since the introduction of pyrolytic oil last July, reductions in CO2 equivalent have already amounted to 4,500 tonnes, which represents 1,000 cars taken off the road.
The ArcelorMittal Group has made a commitment to reduce its greenhouse gas emissions by 25% by 2030 and to achieve carbon neutrality by 2050. The ArcelorMittal plant in Port-Cartier is the first pellet plant in the world to use pyrolytic oil on an ongoing basis.
About ArcelorMittal Infrastructure Canada and ArcelorMittal Mining Canada
Subsidiaries of ArcelorMittal, the world’s leading steel and mining company and among the top five producers of iron ore products globally, ArcelorMittal Infrastructure Canada G.P. (“AMIC”) and ArcelorMittal Mining Canada G.P. (“AMMC”) are two complementary entities operating on Quebec’s North Shore. AMIC ensures the transport of concentrate between Mont-Wright and Port-Cartier, and operates a seaport in Port-Cartier to transport and ship AMMC’s products to four continents. AMMC produces iron oxide concentrate and pellets for the steel market. The two companies employ approximately 2,500 people, making ArcelorMittal the largest employer in the North Shore region.
ArcelorMittal opens new play area with staff members
Julien Lampron, Vice President, Government Relations, Public Affairs and Strategy, Félix Gravel-Gaumond, Director, Project Execution and Mapi Mobwano, President and Chief Executive Officer of ArcelorMittal Mining Canada, along with Lindsey Vibert, Gabrielle Séguin and Nadia Dallaire from CPE Touchatouille.
Port-Cartier, October 17, 2022 – ArcelorMittal Mines and Infrastructure Canada (“ArcelorMittal”) is pleased to announce that work on the outdoor playground at CPE Touchatouille’s “Sentier des merveilles” facility in Port-Cartier is now complete. ArcelorMittal covered the full cost of the project with a $200,000 donation to CPE Touchatouille.
“We’re delighted to be able to help provide a quality living environment for families in Port-Cartier,” said Mapi Mobwano, President and CEO of ArcelorMittal Mining Canada. “Our goal in building the ‘Sentier des merveilles’ playground was to provide a safe and engaging play area for children. We believe that to encourage families to settle on the North Shore, they need to have access to the best services. We’re proud to support CPE Touchatouille in its mission.”
Work at the “Sentier des merveilles” facility included grading, tree planting and the addition of benches, walkways, a paved bike and scooter path, a concrete paver surface and new fencing.
This completes Phase 1 of the CPE Touchatouille outdoor playground development project. Phase 2 will target the outdoor playground of the “Mer-Veilleuse” facility and is scheduled for delivery in 2023.
About ArcelorMittal Infrastructure Canada G.P. and ArcelorMittal Mining Canada G.P.
Subsidiaries of ArcelorMittal, the world’s leading steel and mining company and among the top five producers of iron ore products globally, ArcelorMittal Infrastructure Canada G.P. (“AMIC”) and ArcelorMittal Mining Canada G.P. (“AMMC”) are two complementary entities operating on Quebec’s North Shore. AMIC ensures the transport of concentrate between Mont-Wright and Port-Cartier, and operates a seaport in Port-Cartier to transport and ship AMMC’s products to four continents. AMMC produces iron oxide concentrate and pellets for the steel market. The two companies employ approximately 2,500 people, making ArcelorMittal the largest employer in the North Shore region.
The ArcelorMittal pellet plant in Port-Cartier is the first in the world to use pyrolytic oil continuously
On the picture: representatives of ArcelorMittal, Groupe Rémabec and BioÉnergie AE Côte-Nord Canada at the official presentation.
Montréal, September 22, 2022 – ArcelorMittal Mining Canada G.P. (“ArcelorMittal”), is proud to announce that it is the joint winner with Bioénergie AE Côte-Nord Canada (“BioÉnergie”), of the Eureka! Green and Prosperous Québec Award, presented by Écotech Québec, in the Natural Resources category.
“The partnership we established with Bioénergie AE Côte-Nord Canada is a great success and we are proud that our efforts to reduce our carbon footprint are recognized by the industry. The integration into our pellet plant of pyrolytic oil produced in Port-Cartier is a structuring project that unites the North Shore’s two great resources – iron and the forest – and which also allows us to begin creating a regional energy ecosystem together. The entire community benefits,” declared Mapi Mobwano, President and Chief Executive Officer of ArcelorMittal Mining Canada.
The introduction of pyrolytic oil at the Port-Cartier pellet plant began last July, and over 1 million litres have been consumed to date. The energy yield exceeds expectations and ArcelorMittal has therefore decided to accelerate the conversion of other zones that can accommodate pyrolytic oil on its two production lines.
“We are delighted that our efforts to contribute to a cleaner economy are celebrated. We are working ceaselessly to develop innovative ways to reclaim wood residues. The pyrolytic oil we supply to ArcelorMittal concretizes our commitment to local production of a renewable energy source that contributes to reduce greenhouse gas emissions,” explained Réjean Paré, President of Groupe Rémabec.
To produce its pyrolytic oil, BioÉnergie uses the wood residues of Arbec Lumber, another affiliate of Group Rémabec. This renewable biofuel ultimately will allow a 23% reduction of the use of heavy oil at the Port-Cartier pellet plant, an annual reduction of 57,600 tonnes of CO2 equivalent, or the removal of 14,000 vehicles from our roads. Let us remember that the ArcelorMittal Group has made the commitment to reduce its greenhouse gas emissions 25% by 2030 and reach carbon neutrality by 2050.
The Eureka! Awards presented by Écotech Québec, the clean technology cluster, recognizes organizations that stand out for their commitment to a cleaner economy and that integrate Québec clean technologies into their process or installations.
About ArcelorMittal Infrastructure Canada G.P. and ArcelorMittal Mining Canada G.P.
Subsidiaries of ArcelorMittal, the world’s leading steel and mining company and among the top five producers of iron ore products globally, ArcelorMittal Infrastructure Canada G.P. (“AMIC”) and ArcelorMittal Mining Canada G.P. (“AMMC”) are two complementary entities operating on Quebec’s North Shore. AMIC ensures the transport of concentrate between Mont-Wright and Port-Cartier, and operates a seaport in Port-Cartier to transport and ship AMMC’s products to four continents. AMMC produces iron oxide concentrate and pellets for the steel market. The two companies employ approximately 2,500 people, making ArcelorMittal the largest employer in the North Shore region.
About BioÉnergie AE Côte-Nord Canada and Groupe Rémabec/Arbec Forest Products Inc.
Located in Port-Cartier, Bioénergie AE Côte-Nord Canada is a plant intended for production of renewable liquid fuels made from residual forest biomass. Groupe Rémabec is the biggest private forest contractor in Québec and one of the province’s leading sawmills, ensuring direct quality jobs for nearly 2000 people. Groupe Rémabec operates 50 subsidiaries and 11 plants in the Mauricie, Saguenay–Lac-Saint-Jean, Côte-Nord and Capitale-Nationale regions and in Montréal. Arbec Forest Products Inc. owns two oriented strand board production plants in Mauricie and New Brunswick and employs nearly 300 people.
May 25, 2022 – ArcelorMittal has today launched its search for the best companies and brightest ideas focused on breakthrough technologies which hold the potential to accelerate the decarbonisation of the steel industry. Breakthrough technology start-ups worldwide are invited to submit applications to compete for investment from ArcelorMittal’s XCarb™ Innovation Fund, which aims to invest up to US$100 million annually in such transformative technologies, and access to ArcelorMittal’s advice and expertise in innovation, research and development, technology commercialisation and business mentorship.
Aligned with ArcelorMittal’s purpose, ‘Smarter steels for people and planet’, the XCarb™ Innovation Fund invests in companies with the potential to accelerate the transition to low, and ultimately zero, carbon emissions steelmaking, enabling them to develop more quickly and achieve the scale needed for their technologies to become commercially viable.
This year, finalists will be invited to pitch their ideas at an Accelerator Day for the chance to secure investment support from the fund to scale up their pioneering projects and help drive progress towards a lower emissions future. The support on offer is not just monetary, successful applicants will also have access to:
Unparalleled industry expertise and advice
Industry leading research centres and R&D programs to accelerate technological development
Commercial expertise regarding technologies, IP protection and global roll-out
Significant back office and group functional capability to enable scale-up and speed up time to market
Applicants will need to be registered start-ups with concepts for commercially scalable technologies that hold strong potential to decarbonise steelmaking. Eligible start-ups can apply from anywhere in the world as the fund is keen to make investments in the most innovative technology on a global basis, to support ArcelorMittal’s decarbonisation journey. First round submissions are due in by 20 June with more details about the programme and how to apply available at https://corporate.arcelormittal.com/climate-action/xcarb/xcarb-innovation-fund/xcarb-accelerator-programme.
Submissions are invited across seven distinct technology domains:
Disruption in steelmaking (processes and technologies)
Waste to gas or biocarbon (innovative ways to convert waste)
Gases reforming/Gases transformation technologies
Disruptive hydrogen technologies
Carbon capture, utilisation and storage (specifically carbon capture with transformation to chemicals/fuel or permanent sequestration/mineralisation)
Long-term, large-scale energy storage technologies
Clean energy technologies
The Accelerator Day itself will take place in mid-late July (final date TBC) with finalists having the opportunity to present their company and pitch their pioneering technologies in front of a panel of industry-experts.
Commenting, Aditya Mittal, CEO of ArcelorMittal, said:
“The need to reduce GHG emissions is one of the greatest investment requirements of our time. Steel can make a huge contribution to the decarbonisation of the global economy and at ArcelorMittal we are committed to leading our industry’s efforts, and to accelerate the speed of our progress. Advancing the development of the technologies and processes which are pivotal to our industry’s transition is a very important element of this.”
Irina Gorbounova, Head of the XCarb Innovation Fund™, added:
“We already have an industry-leading suite of decarbonisation technologies under development but we are always looking for further opportunities to accelerate our progress. This competition provides us with an exciting platform to get involved with and support the best and brightest ideas which can decarbonise our industry. The winners will reap enormous benefits – access to potential funding, commercial and research support, unrivalled knowledge and industry networks that they need in order to scale up their development. Our Accelerator Day provides an opportunity for start-ups to exploit the full potential of their technologies and ensure they have a meaningful impact on our company, our industry and the world as a whole.”
ArcelorMittal’s XCarb™ Innovation Fund
Since its launch in March last year, ArcelorMittal XCarb™ Innovation Fund has already committed US$180 million in projects and technologies which are accelerating the decarbonisation of the steel industry transition. To date, its investments have spanned four companies developing cutting edge technologies in the fields of renewable energy, long-term energy storage, carbon recycling and green hydrogen. They are:
Heliogen, a renewable energy company which harnesses solar energy by using a field of mirrors which act as a multi-acre magnifying glass to concentrate and capture sunlight;
Form Energy, which is developing a breakthrough energy storage technology;
LanzaTech, which focuses on capturing carbon-rich waste gases from the steelmaking process and converting them into sustainable fuels and chemicals; and
H2Pro, a market disruptor producing green hydrogen through the electrolysis of water.
In addition, ArcelorMittal is an anchor partner in Breakthrough Energy’s Catalyst program, committing to an equity investment of $100 million over a five year period. Founded by Bill Gates, Breakthrough Energy is committed to scaling the technologies the world needs to reach net-zero emissions by 2050. Breakthrough Energy’s efforts include investment vehicles, philanthropic programs and policy advocacy. Its Catalyst program is a new model for how companies, governments, and private philanthropy can finance, produce, and ensure widespread adoption of next-generation clean technologies.
ArcelorMittal is the world’s leading steel and mining company, with a presence in 60 countries and primary steelmaking facilities in 16 countries. In 2021, ArcelorMittal had revenues of $76.6 billion and crude steel production of 69.1 million metric tonnes, while iron ore production reached 50.9 million metric tonnes.
Our purpose is to produce ever smarter steels that have a positive benefit for people and planet. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for electric vehicles and renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change. This is what we believe it takes to be the steel company of the future.
ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).
Réjean Paré, President and Chief Operating Officer of Groupe Rémabec, Steeve Beaupré, Mayor of Sept-Îles, Lorraine Richard, deputy of Duplessis, Alain Thibault, Mayor of Port-Cartier and Mapi Mobwano, President and Chief Executive Officer of ArcelorMittal Mining Canada. Credit : Julien Choquette
Port-Cartier, May 11, 2022 – At a press conference today, ArcelorMittal Mining Canada (“ArcelorMittal”) and BioÉnergie AE Côte-Nord Canada (“BioÉnergie”), a corporation held in part by Groupe Rémabec/Arbec Forest Products Inc. announced the signing of a three-year agreement for the delivery of 16 million litres of pyrolytic oil per year to the ArcelorMittal pellet plant.
“Today’s announcement marks the materialization of the start of our energy transition. The pyrolytic oil produced locally by BioÉnergie will allow us ultimately to reduce our use of heavy oil by 23% at our Port-Cartier plant. This is a structuring project that unites the two major resources of the Côte-Nord region: iron and the forest. This is tremendous news for the entire region and we are delighted,” declared Mapi Mobwano, President and Chief Executive Officer of ArcelorMittal Mining Canada.
The introduction of pyrolytic oil, a renewable fuel produced from wood residues, will allow an annual reduction of 57,600 tonnes of CO2 equivalent at the Port-Cartier pellet plant, which corresponds to removing 14,000 vehicles from the roads each year. Let us recall that the ArcelorMittal Group has made the commitment to reduce its greenhouse gas emissions 25% by 2030 and reach carbon neutrality by 2050.
“We are proud of this partnership with ArcelorMittal that allows us to create 30 quality jobs in the Côte-Nord region, at BioÉnergie alone. Our group constantly looks for new ways to valorize forest fibre and sawmill by-products sustainably. With ArcelorMittal, we wish to stand out by local production of a renewable energy source that contributes to reduce greenhouse gas emissions. The entire community wins,” explained Réjean Paré, President and Chief Operating Officer of Groupe Rémabec.
To produce its pyrolytic oil, BioÉnergie will use the wood residues of Arbec Lumber, another affiliate of Groupe Rémabec. The agreement announced today also includes the use of ArcelorMittal’s railway by Arbec, based on 80 trains per year to transport wood from its forest camps to its Port-Cartier sawmill.
About ArcelorMittal Infrastructure Canada G.P. and ArcelorMittal Mining Canada G.P.
Subsidiaries of ArcelorMittal, the world’s leading steel and mining company and among the top five producers of iron ore products globally, ArcelorMittal Infrastructure Canada G.P. (“AMIC”) and ArcelorMittal Mining Canada G.P. (“AMMC”) are two complementary entities operating on Quebec’s North Shore. AMIC ensures the transport of concentrate between Mont-Wright and Port-Cartier, and operates a seaport in Port-Cartier to transport and ship AMMC’s products to four continents. AMMC produces iron oxide concentrate and pellets for the steel market. The two companies employ approximately 2,500 people, making ArcelorMittal the largest employer in the North Shore region.
About BioÉnergie AE Côte-Nord Canada and Groupe Rémabec/Arbec Forest Products Inc.
Located in Port-Cartier, Bioénergie AE Côte-Nord Canada is a plant intended for production of renewable liquid fuels made from residual forest biomass. Groupe Rémabec is the biggest private forest contractor in Québec and one of the province’s leading sawmills, ensuring direct quality jobs for nearly 2000 people. Groupe Rémabec operates 50 subsidiaries and 11 plants in the Mauricie, Saguenay–Lac-Saint-Jean, Côte-Nord and Capitale-Nationale regions and in Montréal. Arbec Forest Products Inc. owns two oriented strand board production plants in Mauricie and New Brunswick and employs nearly 300 people.
