In February 2022 we announced a €1.7 billion investment in the decarbonisation of our French operations. This project will transform our two primary steelmaking sites in France, Dunkirk and Fos-sur-Mer, enabling a reduction in CO2 emissions of almost 40% or 7.8 million tonnes per year by 2030. The French government has supported this investment at a level which guarantees the viability of the project.
The plan involves the construction of a 2.5 million tonnes-a-year direct reduced iron furnace and two electric furnaces at ArcelorMittal Dunkirk, and an electric furnace at ArcelorMittal Fos-sur-Mer. The new installations are expected to be operational in 2027, when two blast furnaces in Dunkirk and one in Fos-sur-Mer will gradually be phased out. Once this transition is complete by 2030, ArcelorMittal France’s CO2 emissions would reduce by almost 40% compared with 2018, equivalent to the CO2 emissions from a car being driven around the earth almost 800,000 times.
 Calculated using the US EPA greenhouse gas equivalencies calculator - https://www.epa.gov/energy/greenhouse-gas-equivalencies-calculator