Title:
AM Dofasco Primary Transformation to Low Emissions Advanced High Quality Steelmaking Through Innovative Technology Adoption.
Agreement Value:
$450,000,000.00
Agreement Date:
Mar 15, 2022 - Jul 31, 2050
Description:
This project aims to replace AMD's current Klockner Oxygen Blown Maxhutte (KOBM) steelmaking furnace, blast furnaces (used to produce molten iron from iron ore pellets), and two coke plants, resulting in significant emissions reductions.
Organization:
Innovation, Science and Economic Development Canada
Expected Results:
This investment will reduce green house gas (GHG) emissions by up to 3 million tonnes per year by 2030, increase productivity, product quality and energy efficiency at ArcelorMittal Dofasco, and support thousands of jobs during the engineering and construction phases.
Location:
Hamilton, Ontario, CA L8N3J5
Reference Number:
033-2021-2022-Q4-816105
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
794263699
Recipient Type:
For-profit organization
Additional Information:
The amendment has been completed to increase the contribution to $450,000,000.00 from $400,000,000.00.
Amendment Date
Mar 7, 2025
Recipient's Operating Name:
ArcelorMittal Dofasco G.P.
Recipient's Legal Name:
ArcelorMittal Dofasco G.P.
Federal Riding Name:
Hamilton Centre
Federal Riding Number:
35035
Program:
SIF Stream2- Growth
Program Purpose:
-Encourage R&D that will accelerate technology transfer and commercialization of innovative products, processes and services;-Facilitate the growth and expansion of firms in Canada;-Attract and retain large scale investments to Canada; and-Advance industrial research, development and technology demonstration through collaboration between academia, non-profit organizations and the private sector.