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ArcelorMittal starts construction on €150M carbon capture plant

Published 06/11/2018, 11:10 AM
© Reuters.  ArcelorMittal starts construction on €150M carbon capture plant
MT
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  • ArcelorMittal (MT +1.8%) says it has started construction on a €150M ($176M) installation at its site in Ghent, Belgium, that will convert carbon emissions into bioethanol.
  • MT previously said it would invest €87M in the plant, which is being developed in partnership with Chicago-based carbon recycling specialist LanzaTech.
  • MT says Ghent will be the first installation of its kind on an industrial scale in Europe, and it expects annual bioethanol production from the plant to reach ~80M liters.
  • Now read: Harsco's Restructuring And Improving Commodity Markets Have Boosted Results


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