Algoma Steel Inc.
$200,000,000.00 CAD
- Program
- SIF Stream2- Growth
- Recipient country
- Canada
- Fiscal year
- 2021-2022
- Agreement period
- July 1, 2021 – March 31, 2025
- Reference
- ic:033-2021-2022-Q2-816041
Published purpose
Replacement of Algoma Steel's current blast furnace, which is near end-of-life, with an electric arc furnace (EAF). Significant GHG reductions expected as a result and the project will improve the cost structure and production flexibility of the company.
In plain English AI-generated
Funding to replace Algoma Steel's aging blast furnace with an electric arc furnace, reducing greenhouse gas emissions and improving production flexibility.
Category: Climate Primarily funds activity in Canada
Based on the published description. See how AI categorization works — the linked official record is authoritative.
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