By Joshua Stein

Air Liquide SA and ArcelorMittal have signed a memorandum of understanding to develop ways to produce low-carbon steel in Dunkirk, France, the two companies said Wednesday.

The companies said Air Liquide will supply carbon capture technology and low-carbon hydrogen to ArcelorMittal, which will decrease yearly carbon dioxide emissions at its facilities in Dunkirk by 2.85 million metric tons by 2030.

ArcelorMittal will use a submerged arc furnace and direct reduced iron unit in Dunkirk to drive the production of low-carbon steel, the companies said.

The companies didn't disclose the financial details of the arrangement.

Write to Joshua Stein at joshua.stein@wsj.com

(END) Dow Jones Newswires

March 17, 2021 13:29 ET (17:29 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
Grafico Azioni Arcelor Mittal (NYSE:MT)
Storico
Da Giu 2024 a Lug 2024 Clicca qui per i Grafici di Arcelor Mittal
Grafico Azioni Arcelor Mittal (NYSE:MT)
Storico
Da Lug 2023 a Lug 2024 Clicca qui per i Grafici di Arcelor Mittal