Possible CO2 capture investment in France

ArcelorMittal is ready to invest EUR 300 million in a pilot CO2 capture project in France if it has the support of the French government. ArcelorMittal is facing hostility in France after it confirmed plans to close parts of a steel facility at Gandrange in eastern France, hitting 575 jobs. In an interview with Les Echos, Mr LN Mittal CEO of ArcelorMittal reiterated that all the workers affected by the plan will be offered posts elsewhere within the group and observed that the group is investing EUR 330 million renewing furnaces at the Florange plant a few miles away.
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