Business Brief: An electrifying future for a storied steel company

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 33 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 92%

Newsletter Nachrichten

Noastack,Newnewsletter

Also in today’s edition: A new member of the $1-trillion club

The largest employer in Sault Ste. Marie is transforming its coal-fired production processes into a modern operation that emits far less carbon and other pollutants. Today, we look at how Algoma Steel is banking on a renaissance with a multimillion-dollar plan to go electric.operations in Brazil, the world’s largest agricultural exporter, after a series of setbacks in the region that included a US$220-million loss on unauthorized derivative trades.

Canada has to hit aggressive targets, which means changes for its biggest manufacturers. Steelmakers, high on the list of heavy emitters, face a certain paradox: They are being asked to lower emissions while simultaneously making a product necessary for building a “greener” infrastructure. Algoma’s plan is to install two electric arc furnaces: technology that replaces the dirty work of coking coal. Instead, with a large enough charge of electricity, scrap metal becomes green steel. When fully online, the amount of CO2 emissions that the company expects to reduce equates to more than a tenth of Canada’s 2030 goal under the Paris Agreement.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 5. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Business Brief: Getting the trains moving againAlso in today’s edition: The rapture of Canadian office staff
Herkunft: globeandmail - 🏆 5. / 92 Weiterlesen »

Business Brief: How to mix U.S. inflation into a recipe for economic clarityAlso in today’s edition: Charting a more productive course for Canada, and Mars lands a salty deal
Herkunft: globeandmail - 🏆 5. / 92 Weiterlesen »

Business Brief: The Big Six earnings, and a spotlight on TDAlso in today’s edition: Canadians are in overwhelmingly good standing with their mortgage payments
Herkunft: globeandmail - 🏆 5. / 92 Weiterlesen »

Business Brief: Can Loblaw’s growing health care empire earn the trust of Canadian patients?Also in today’s edition: A chart, a quiz and a look at the day ahead
Herkunft: globeandmail - 🏆 5. / 92 Weiterlesen »

Business Brief: A market for the metals in the medalsAnother way to take the measure of Olympic victory
Herkunft: globeandmail - 🏆 5. / 92 Weiterlesen »

Business Brief: Gildan reveals the high price of winningQuebec clothing maker reports that it paid US$77-million over a prolonged proxy fight
Herkunft: globeandmail - 🏆 5. / 92 Weiterlesen »