Our steel mill is Ontario’s second-largest industrial emitter of greenhouse gas emissions. The company says it can’t fix that overnight
Algoma Steel Group Inc. says it has made cleaning up its air quality issues a key priority, but the change can't happen immediately and it will depend on sufficient electricity being available to power its still-under-construction electric arc furnaces.
In recent months, ESG reports have become a gold standard used by many socially conscious investors to assess a business's performance on sustainability and ethical issues.The growth of these products has prompted businesses to increasingly emphasize their ESG performance when competing for capital.
"By the end of 2024, Algoma expects to begin commissioning its first EAF [electric arc furnace]. The earlier stages of our EAF transformation will involve Algoma operating in a hybrid mode with both EAF and basic oxygen steelmaking. "As a result of the progressive shutdown of cokemaking facilities in the transition to EAF steelmaking, a substantial reduction or elimination of benzene, benzopyrene, particulate matter, and sulfur dioxide emissions is expected.
"The site-specific standards for Algoma are based on complex computer models that predict air emissions. In 2021, the model used to predict potential maximum emissions changed. While Algoma’s actual emissions did not change, with the changes to the model, our site-specific standards had to be amended to reflect the new model.
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