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A €280 million loan granted to ArcelorMittal by the European Investment Bank (EIB) backed by the Investment Plan for Europe will help to fund the group’s European research and development programme between 2021 and 2023.
This major funding initiative aims to support ArcelorMittal’s research activities and the associated capital expenditure in the field of environmental, climate and energy projects. It will help the group to reach its ambitious climate action goals and thus to reduce the environmental footprint of its manufacturing facilities, steel products and technological solutions. ArcelorMittal Europe has committed to reducing CO2e emissions intensity by 35% by 2030, with ArcelorMittal Group having set a 2050 net-zero emissions target.
This...
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