Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Algoma Steel has received $4mn from Canada’s Low Carbon Economy Fund to support the climate action initiatives at its mill, which has the capacity to produce 2.8mn mt of raw steel per year. 


The Canadian steelmaker is focusing on reducing greenhouse gas emissions and improving local air quality by investing in the tar-removal and light-oil-recovery segments at its Sault Ste. Marie, Ontario coke-making plant. 


The steel mill plans to reduce its greenhouse emissions at a rate of about 21,000mt annually for a total reduction of around 596,000mt over the life of the project according to government estimates.


Algoma will upgrade the plant with better equipment to help remove the by-products suspended in its coke-oven gas. As by-products are separated, coke-oven gas can be used to fuel other combustion processes at the steel plant, the company noted.


The Government of Canada’s Low Carbon Economy Challenge and its various funding sources seek net zero emissions by 2050 and is investing in programs to exceed previously established 2030 Paris Agreement targets. 

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